News Snapshot:
The Shanghai Stock Exchange will embark on a project that could see the inaugural sale of global depositary receipts (GDRs) in Switzerland by Chinese companies, according to a senior bourse official, amid growing US-China tensions. “We are preparing to make important efforts in Switzerland going forward and we believe that the first batch of the trial will succeed this year,” Cai Jianchun, general manager of the Shanghai exchange, said in a panel discussion at the Boao Forum in Hainan. Cai did not elaborate on his statement. The deputy chiefs of the Chinese regulators overseeing the stock market and foreign exchange...
