It is unlikely that there will be a drastic gap in the long term like in TSMC
It is unlikely that there will be a drastic gap in the long term like in TSMC In the case of TSMC, “special regulatory approval” that maintains the premium means Under Taiwanese law, neither TSMC nor any depository bank may place common shares in the depository facility and issue additional ADRs without specific approval from Taiwan's FSC. Canceling the ADR and receiving the shares directly also requires a local agent, account, Taiwanese exchange registration, custody, tax preparer, etc., so it is an accessible method to an institution. Please refer to the article below https://t.me/magon…
The excerpt is quoted from a public Telegram channel, which owns its text.