
Tech giant Xiaomi to open up CDR market
The Chinese smartphone maker is the first to apply under new rules that will allow domestic flotation of overseas-listed innovators. For CFOs, it's a potential new funding route.

Beijing-based smartphone giant Xiaomi on Friday applied to issue a Chinese Depositary Receipt (CDR), the first company to take advantage of new regulations aimed at allowing domestic investors to hold shares in overseas-listed companies.
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