CDRs set to debut on China bourses

Investors will get opportunity to invest in 'red chips' in near future, official says

Chinese tech companies listed overseas will soon issue Chinese Depository Receipts on the Shanghai and Shenzhen stock exchanges, China Securities Regulatory Commission Vice-Chairman Fang Xinghai said on Tuesday.

Fang said the move would effectively combine Chinese tech companies with Chinese capital as "red-chip" enterprises, which operate in China but are registered and listed overseas, return to the A-share market by issuing CDRs.