JPMorgan To Implement Air China Sponsored ADR Program

JPMorgan says it will work with Air China to launch a new American Depositary Receipt program. Beijing based Air China will sponsor the program, which will have each Air China ADR represent 20 shares on the Hong Kong Stock Exchange.

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JPMorgan says it will work with Air China to launch a new American Depositary Receipt program.

Beijing-based Air China will sponsor the program, which will have each Air China ADR represent 20 shares on the Hong Kong Stock Exchange.

“We believe that JPMorgan’s experienced ADR team and platform will both enhance our visibility and broaden our all-important international investor base,” says Fan Cheng AirChina executive director and chief financial officer.

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