depository receipt system

简明释义

财政收入缴存制度

英英释义

例句

1.Investors can trade depository receipts just like regular stocks on the exchange.

投资者可以像交易普通股票一样在交易所交易存托凭证。

2.The depository receipt system simplifies the process of investing in international stocks.

这存托凭证系统简化了投资国际股票的过程。

3.The depository receipt system provides a way for companies to raise capital globally.

这存托凭证系统为公司提供了一种在全球筹集资金的方法。

4.The depository receipt system allows investors to buy shares of foreign companies in their local market.

这存托凭证系统允许投资者在本地市场购买外国公司的股票。

5.Many emerging markets are adopting a depository receipt system to attract foreign investment.

许多新兴市场正在采用存托凭证系统以吸引外国投资。

作文

The concept of a depository receipt system is pivotal in the realm of international finance, serving as a bridge between foreign companies and domestic investors. Essentially, a depository receipt (DR) is a negotiable financial instrument that represents shares in a foreign company. This system allows investors to buy shares in foreign companies without the complexities of dealing with foreign stock exchanges directly. Instead, these shares are held by a bank, which issues receipts to represent ownership. This mechanism not only simplifies the investment process but also enhances liquidity for foreign stocks in local markets.One of the primary advantages of the depository receipt system is that it allows investors to diversify their portfolios by investing in international companies. For instance, if an investor in the United States wants to invest in a promising tech company based in India, they can do so through American Depository Receipts (ADRs). These ADRs are traded on U.S. exchanges, making it easier for American investors to gain exposure to foreign markets without having to navigate the regulatory and operational hurdles associated with direct foreign investment.Moreover, the depository receipt system provides a layer of security for investors. Since the underlying shares are held by a reputable bank, investors can trust that their investments are safeguarded. Additionally, dividends paid by the foreign company are converted into the local currency and distributed to the investors holding the receipts. This process not only simplifies transactions but also mitigates the risks associated with currency fluctuations.Furthermore, the depository receipt system can significantly benefit foreign companies seeking to raise capital in global markets. By issuing DRs, these companies can tap into a wider pool of investors, thereby increasing their visibility and market presence. This is particularly advantageous for companies in emerging markets, as it allows them to access capital that might otherwise be unavailable due to geographical and regulatory barriers.However, the depository receipt system is not without its challenges. Investors must be aware of the potential risks involved, such as changes in foreign regulations, economic instability in the issuer's country, and differences in accounting standards. Additionally, while the system provides a convenient way to invest internationally, it may also come with higher fees and costs compared to direct investments.In conclusion, the depository receipt system plays a crucial role in facilitating international investments, allowing investors to access foreign markets with relative ease and security. It opens up opportunities for diversification and capital raising, benefiting both investors and foreign companies alike. As globalization continues to shape the financial landscape, understanding and leveraging the depository receipt system will be essential for those looking to navigate the complexities of international finance effectively.

“存托凭证系统”的概念在国际金融领域中至关重要，充当了外国公司与国内投资者之间的桥梁。基本上，存托凭证（DR）是一种可流通的金融工具，代表着外国公司的股份。该系统允许投资者在不直接处理外国证券交易所复杂性的情况下购买外国公司的股份。相反，这些股份由一家银行持有，该银行发行凭证以代表所有权。这一机制不仅简化了投资过程，还增强了外国股票在本地市场的流动性。“存托凭证系统”的主要优势之一是它允许投资者通过投资国际公司来实现投资组合的多样化。例如，如果美国的一位投资者想要投资一家位于印度的有前景的科技公司，他们可以通过美国存托凭证（ADR）进行投资。这些ADR在美国交易所交易，使得美国投资者能够更容易地获得对外国市场的曝光，而无需应对直接外国投资的监管和操作障碍。此外，“存托凭证系统”为投资者提供了一层安全保障。由于基础股份由一家信誉良好的银行持有，投资者可以信任他们的投资是安全的。此外，外国公司支付的股息会转换为当地货币并分发给持有凭证的投资者。这个过程不仅简化了交易，还降低了与货币波动相关的风险。此外，“存托凭证系统”可以显著惠及寻求在全球市场筹集资本的外国公司。通过发行DR，这些公司可以接触到更广泛的投资者，从而提高其知名度和市场存在感。这对新兴市场的公司尤其有利，因为它使他们能够获得可能因地理和监管障碍而无法获得的资本。然而，“存托凭证系统”并非没有挑战。投资者必须意识到潜在的风险，例如外国法规的变化、发行国的经济不稳定以及会计标准的差异。此外，虽然该系统提供了便捷的国际投资方式，但与直接投资相比，它也可能伴随更高的费用和成本。总之，“存托凭证系统”在促进国际投资方面发挥着至关重要的作用，使投资者能够相对轻松和安全地进入外国市场。它为多样化和资本筹集提供了机会，惠及投资者和外国公司。随着全球化继续塑造金融格局，理解和利用“存托凭证系统”将对那些希望有效应对国际金融复杂性的人至关重要。