Both Alibaba and Jingdong have shelved the CDR plan for the time being.


Both Alibaba and Jingdong have shelved the CDR plan for the time being.

Sina Technology News July 31st news, according to the Hongkong Economic Daily quoted "Wall Street journal" reported, the Chinese government in June to implement the Chinese depositary Certificate (CDR), the intention to attract new economy stock market to return to the A share market for second. The Alibaba and Jingdong have shelved plans to issue CDR, according to the quoted sources.

The report said the related companies were postponing the application. Sources believe that the support provided by relevant agencies is also inadequate. Some people worry that the stock market is weak, unable to absorb such a large-scale stock issuance, further draining the liquidity of the A-share market.


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