China's $1.4 Trillion Tech Gap Is Holding Its Stock Market Back

China has the world’s second-largest stock market, but very few of its biggest technology companies can be traded domestically. For years, China has watched as companies including e-retailing giant Alibaba Group Holding Ltd. and search engine Baidu Inc. headed overseas to go public, enriching investors from New York to Hong Kong. The CDRs would also waive corporate governance rules that have helped keep the likes of Alibaba away from their home market, a recognition of how important it’s become to win over the new titans of tech.