Asia's new ADR market faces liquidity challenge
It's early days for the region's first American depositary receipts – launched last month by Singapore Exchange – but the strong demand for China A-shares should help to attract investors.
Singapore Exchange (SGX) boosted its reputation as a pioneer by launching Asia's first American depositary receipts (ADRs) on October 22, but supporters of the programme admit that volumes and liquidity must grow if the products are to attract more investors.
Nevertheless, market participants on a panel last week organised by Bloomberg and SGX in Hong Kong, were upbeat on the new market's potential. The panel included executives from: BNY Mellon Depositary Receipts, the depositary ban…
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