News Snapshot:
GENEVA, July 31 (Xinhua) -- Four Chinese listed companies have sought to expand their ways of raising capitals overseas by listing Global Depository Receipts (GDR) on Zurich-based SIX Swiss Exchange, Switzerland's principal stock exchange, on Thursday. A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. GDRs are most commonly used when the issuer is raising capital in the local market as well as in the international markets, either through private placement or public stock offerings. A press release of the SIX Swiss Exchange on Thursday showed that the...