Chery Automobile finally received approval from the China Securities Regulatory Commission and will go public in Hong Kong

On August 27, the China Securities Regulatory Commission officially approved Chery Automobile's application for a Hong Kong listing and the filing for full tradability of its domestic shares. Chery Automobile plans to publicly offer up to 700 million ordinary shares on the Hong Kong Stock Exchange. Furthermore, over 2 billion unlisted domestic shares held by 18 existing shareholders will also be granted full tradability.