CICC UK Becomes the First Shanghai and Shenzhen Stock Exchanges-Approved German GDR Cross-Border Conversion Institution
BEIJING, Nov. 17, 2022 /PRNewswire/ --China International Capital Corporation Limited (CICC, 03908.HK, 601995.SH) announced that China International Capital Corporation (UK) Limited (CICC UK) has been approved by the Shanghai Stock Exchange (SSE) as a German Global Depositary Receipts (GDR) cross-border conversion institution under the stock connect schemes, in addition to SSE's previous approval of CICC UK as a UK and Swiss GDR cross-border conversion institution.
- BEIJING, Nov. 17, 2022 /PRNewswire/ --China International Capital Corporation Limited (CICC, 03908.HK, 601995.SH) announced that China International Capital Corporation (UK) Limited (CICC UK) has been approved by the Shanghai Stock Exchange (SSE) as a German Global Depositary Receipts (GDR) cross-border conversion institution under the stock connect schemes, in addition to SSE's previous approval of CICC UK as a UK and Swiss GDR cross-border conversion institution.
- As a result, CICC UK has become the first and only GDR cross-border conversion institution approved by both the SSE and Shenzhen Stock Exchange (SZSE) for the German, UK and Swiss markets.
- This was on the back of CICC UK recently becoming a member of the SIX Swiss Exchange (SIX) and the Frankfurt Stock Exchange (FWB) in addition to its membership of the London Stock Exchange (LSE).
- CICC UK was established in 2009 and is regulated by the UK Financial Conduct Authority.