The China Securities Regulatory Commission released nine new regulations on the issuance and transaction of Chinese Depositary Receipts, or CDRs on Wednesday, making it possible for offshore-listed tech giants to return to the domestic stock market, Securities Daily reported.

Depositary receipts are surrogate securities that allow domestic investors to hold overseas shares. Thus, CDRs will give access to Chinese investors to buy into tech giants such as Baidu, Alibaba and JD.com which have headed overseas to go public.

The Commission said formulating the new rule on CDRs and revising the regulations on IPOs as well as publishing a series of supporting rules lays the foundation for innovative companies to return to the domestic capital markets via IPOs or CDRs.

This will give full play to the investment and financing functions of the capital market and further promote the reform and opening up of the Chinese capital market, it said.

What needs to be emphasized is that the CSRC will strictly control the number of pilot innovative enterprises and the amount of funds to be raised, and arrange the timing of the issuance of CDRs.