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证券市场的国际化,系指各国的公司股票、债券以及政府的债券等有价证券的发行和销售,超越了一国的国界,在国际市场上进行交易。由于国家间制度、语言、交易习惯不尽相同,而且各国证券的样式、种类也不一样,致使证券在国际市场流通中有诸多不便。为解决这些问题,DR(存单)制度应运而生。它起源于美国,后来许多国家相继采用了这一制度,目前业已成为国际证券市场运作中的国际惯例。
The internationalization of the securities market refers to the issue and sale of the securities of companies in various countries, bonds, and government bonds. It goes beyond the borders of a country and trades in the international market. Due to the different countries’ systems, languages and trading habits, and the different styles and types of securities in various countries, there are many inconveniences in the circulation of securities in the international market. In order to solve these problems, DR (deposit and withdrawal) system came into being. It originated in the United States, and many countries later adopted this system one after another, which has now become an international practice in the operation of international securities markets.