The listing will be carried out using the so-called CDR (China depository certificate) model, similar to the ADR (US depositary voucher). Although this is not technically a stock, it is a proof that investors can hold shares listed elsewhere.
Earlier this month, it was reported that the CSRC was likely to introduce CDR guidelines in the second half of the year.
"The new regulations CDR the earliest possible launch in the end of next month." "So the first companies may issue CDR in the middle of the year," the people said.
The Alibaba is currently listed in the United States, with a market value of about $473 billion.
People familiar with the Alibaba CDR issue said the current scale of financing has not been fixed, but it is likely to exceed 10 billion yuan.
The Alibaba has repeatedly said that if it is able to comply with China's regulatory regulations, the company is open to the issuance of shares in the A shares.
"After we are listed in the United States, we have been saying that if the regulatory conditions are allowed, we will consider listing in the country." The Alibaba said in a statement before. But the company has not commented on the latest news.
China's CDR plan will also be the Jingdong,tencentBaidu, micro-blog and Sogou, such as local technology companies return to the A shares open the door.