Chinese companies need more ADRs, says JP Morgan's Tse

Chinese companies would benefit greatly from ADRs in the wake of WTO, argues JP Morgan''s Kenneth Tse, Vice President & Asia Pacific Regional Head, ADR Group. Only thus can they access the world''s biggest capital pool and raise their profile.

FinanceAsia What are the advantages to an ADR issue for a Chinese company

Tse There are two ways to list - via ADRs or a direct listing. A direct listing is complicated by having to form a company overseas and then using it as the listing vehicle. Then Chinese assets are injected. Some Chinese Internet companies, such as and, did this at the height of the tech bubble, but from a regulatory perspective it's quite complicated....

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