Guotai Junan Unveils Level 1 ADR Program
Integrated securities enterprise Guotai Junan International Holdings has set up a level 1 American depositary receipt program.
Integrated securities enterprise Guotai Junan International Holdings has set up a level 1 American depositary receipt (ADR) program. Guotai has hired financial services company BNY Mellon as sole depositary for the ADR program. Guotai is the first Chinese securities broker accepted by China Securities Regulatory Commission to list its shares on the stock exchange of Hong Kong.
The ADR program seeks to draw U.S. investors, help the firm create a corporate image in international markets and gear up for growth of operations in the market. ADRs allow U.S. investors to deal in dollars in the securities markets and to get dividend payment in the same currency.
Click here for the release from PR Newswire.