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今年6月以来,一个新名词 CDR频繁出现,各方人士对此仁者见仁、智者见智,欲借 CDR 返乡融资的红筹股更是跃跃欲试,国内投资者也对 CDR 大为期盼。发行 CDR 似乎成为众望所归。到底何为 CDR?CDR 实际上是中国预托凭证(China Depositary Receipts)的简称,是模仿美国预托凭证(AmericanDepositary Receipts,以下简称 ADR)而做的一种构想。美国预托凭证(ADR)是由一家美国银行作为预托银行,接受非美国证券的存托,然后该预托银行在美国发行代表该公司这些证券的可流通票证,在美国上市。其实质是美国投资者可以在美
Since June this year, a frequent occurrence of a new terminology CDR, the parties have different views on benevolent, wisdom wise, want to borrow from the red-chip financing of CDR is even more eager to go home, domestic investors are also looking forward to the CDR. The release of CDR seems to have come a long way. What is a CDR? CDR is actually an abbreviation of China Depositary Receipts and is a concept imitated by American Depositary Receipts (ADR). The ADR is a United States bank acting as depositary with a depository of non-United States securities which then issues in the United States a negotiable instrument representing the securities of the company in the United States. The essence is that U.S. investors can be in the United States