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中国移动公司宣称倾向以CDR方式回归A股上市,CDR再次引发市场关注。中国存托凭证(CDR)推出的时机已愈发成熟。中国移动公司董事长兼首席执行官王建宙8月20日在业绩记者会上表示,现时回内地上市的条件愈来愈成熟,移动公司(香港)倾向以CDR方式回归A股上市。CDR再次引发市场关注。存托凭证的真谛要弄清CDR(China DepositoryReceipt)相关问题,首先要清楚存托凭证DR(Depository Receipts)。存托凭证(DR),顾名思义,是指在某一国家或地区证券市场发行的代表境外公司有价证券的可转让凭证。每个存托凭证代表一定数量的境外公司发行的基础证券。存托凭证持有人享有相关境外有价证券的权益,而存托凭证的报价、货币、交易、结算及股息与当地市场一致,从而避免了跨境交易的货币、交易和交割等诸多方面的不便。
China Mobile announced its tendencies to return to the A-share listing by way of CDR, CDR once again lead to market concerns. The timing of the launch of China Depositary Receipts (CDRs) has become more mature. Wang Jianzhou, chairman and chief executive of China Mobile, said at a performance press conference on August 20 that the conditions for going public in the Mainland are getting more mature. Mobile companies (Hong Kong) tend to return to A-shares listed by way of CDR. CDR again triggered the market attention. The true meaning of depositary receipts To understand the CDR (China DepositoryReceipt) related issues, we must first clear DR (Depository Receipts). Depository Receipts (DRs), as the name implies, refer to negotiable certificates of securities of overseas companies issued in a securities market of a country or region. Each depositary receipt represents a number of underlying securities issued by a foreign company. Holders of ADRs enjoy the rights and interests of the relevant overseas securities and the quotations, currencies, transactions, settlements and dividends of the depositary receipts are in line with the local market, thus avoiding many aspects of cross-border transactions such as currency, trading and delivery inconvenient.