Tuesday, June 14, 2011 5:28:12 PM
Cross listing on foreign exchanges is a way for public companies to extend their reach into the capital markets.
Most global markets have something similar to our American Depositary Receipt. We know Mark has specifically mentioned this aspect of cross listing to us, and this could be the reason for the A/S increase if it is true.
The Chinese Market, probably has something similar to the American Depositary Receipt to facilitate trading of foreign stocks on their exchange.
Here's some info on our system for foreign cross listed stocks on our exchanges.
http://en.wikipedia.org/wiki/American_Depository_Receipt
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