Pilot program aims to woo tech unicorns

New option to allow firms listed overseas to trade in home market

Leading Chinese mainland's technology giants' hopes of listing in the domestic market received a boost on Friday as regulators announced a pilot program to support innovative companies' issuance of China Depositary Receipts.

According to the document from the China Securities Regulatory Commission, overseas listed Chinese mainland companies in the high-tech and strategic emerging industries such as the internet, high-end equipment manufacturing and biological medicine, are allowed to issue CDRs in the domestic market.