American depository receipt

简明释义

美国保管收据,美国存券收据

英英释义

例句

1.The American depository receipt allows U.S. investors to invest in international companies without dealing with foreign currencies.

通过美国存托凭证，美国投资者可以投资国际公司，而无需处理外币。

2.Many companies choose to issue American depository receipts to gain access to the U.S. capital markets.

许多公司选择发行美国存托凭证以获得进入美国资本市场的机会。

3.Investors can purchase shares of foreign companies through an American depository receipt, which represents a specific number of foreign shares.

投资者可以通过美国存托凭证购买外国公司的股份，这代表着一定数量的外国股份。

4.When a company lists its stock as an American depository receipt, it can increase its visibility among American investors.

当一家公司将其股票列为美国存托凭证时，可以提高在美国投资者中的知名度。

5.The value of an American depository receipt fluctuates based on the performance of the underlying foreign stock.

一个美国存托凭证的价值会根据基础外国股票的表现而波动。

作文

In the world of finance and investment, understanding various instruments is crucial for making informed decisions. One such instrument that has gained prominence in recent years is the American depository receipt. An American depository receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specific number of shares in a foreign company's stock. This financial vehicle allows American investors to purchase shares in foreign companies without dealing with the complexities of foreign stock exchanges. The concept of the American depository receipt originated in the early 20th century as a means to facilitate investment in foreign markets. Before ADRs, American investors faced significant challenges when trying to invest in international companies. They had to navigate different currencies, regulatory environments, and trading practices, which often deterred them from investing abroad. The introduction of ADRs simplified this process by allowing investors to trade shares of foreign companies on U.S. exchanges, denominated in U.S. dollars.ADRs come in two primary types: sponsored and unsponsored. Sponsored ADRs are created in cooperation with the foreign company, which provides the necessary information and support for the issuance. This type of ADR typically offers more transparency and can be listed on major U.S. exchanges like the NYSE or NASDAQ. On the other hand, unsponsored ADRs are created without the direct involvement of the foreign company. These ADRs are usually traded over-the-counter (OTC) and may have less information available to investors, but they still provide an opportunity to invest in foreign stocks.One of the key advantages of investing through American depository receipts is the ability to diversify one’s investment portfolio. By using ADRs, investors can gain exposure to international markets and industries that may not be available domestically. For instance, an investor interested in the technology sector might consider purchasing ADRs of a renowned Asian tech company, thus benefiting from its growth potential while mitigating some of the risks associated with direct foreign investments.Moreover, American depository receipts also offer certain tax benefits. In many cases, dividends paid by foreign companies are subject to withholding taxes in the home country. However, when these dividends are received through ADRs, investors may benefit from reduced withholding rates due to tax treaties between the U.S. and the foreign company’s home country. This can enhance the overall return on investment for American shareholders.Despite their advantages, investing in American depository receipts is not without risks. Investors must be aware of the potential for currency fluctuations, which can impact the value of their investments. Additionally, the performance of the foreign company itself, along with geopolitical factors, can influence the stock price of the ADR. Therefore, thorough research and due diligence are essential before investing in any ADR.In conclusion, the American depository receipt serves as a valuable tool for American investors seeking to diversify their portfolios and access international markets. By simplifying the process of investing in foreign companies, ADRs have opened new avenues for growth and investment opportunities. However, as with any investment, it is crucial for investors to understand the associated risks and conduct proper research to make informed decisions. The rise of ADRs highlights the interconnectedness of global markets and the importance of being able to navigate them effectively.

在金融和投资的世界中，理解各种工具对于做出明智的决策至关重要。其中一种近年来获得广泛关注的工具是美国存托凭证。美国存托凭证（ADR）是由美国银行发行的可转让证券，代表外国公司股票的一定数量。这种金融工具使美国投资者能够购买外国公司的股票，而无需处理外国证券交易所的复杂性。美国存托凭证的概念起源于20世纪初，旨在促进对外国市场的投资。在ADR出现之前，美国投资者在尝试投资国际公司时面临重大挑战。他们必须应对不同的货币、监管环境和交易实践，这常常使他们不愿意进行海外投资。ADR的引入简化了这一过程，使投资者能够在美国交易所以美元计价交易外国公司的股票。ADR主要有两种类型：赞助型和非赞助型。赞助型ADR是在外国公司的合作下创建的，该公司提供必要的信息和支持以便发行。这种类型的ADR通常提供更多的透明度，并且可以在纽约证券交易所或纳斯达克等主要美国交易所上市。另一方面，非赞助型ADR是在没有外国公司直接参与的情况下创建的。这些ADR通常在场外交易（OTC）进行交易，可能向投资者提供的信息较少，但仍然为投资外国股票提供了机会。通过美国存托凭证投资的一个关键优势是能够实现投资组合的多样化。通过使用ADR，投资者可以获得对国际市场和行业的曝光，而这些在国内可能无法获得。例如，想要投资科技行业的投资者可以考虑购买一家知名亚洲科技公司的ADR，从而在降低直接外资投资风险的同时受益于其增长潜力。此外，美国存托凭证还提供某些税收优惠。在许多情况下，外国公司支付的股息在本国会受到预扣税的影响。然而，当这些股息通过ADR收到时，投资者可能由于美国与外国公司母国之间的税收协定而受益于降低的预扣税率。这可以提高美国股东的整体投资回报。尽管有其优势，通过美国存托凭证进行投资并非没有风险。投资者必须意识到货币波动可能影响投资价值。此外，外国公司的表现以及地缘政治因素也可能影响ADR的股价。因此，在投资任何ADR之前，进行全面的研究和尽职调查至关重要。总之，美国存托凭证作为美国投资者寻求多样化投资组合和进入国际市场的宝贵工具。通过简化对外国公司的投资过程，ADR为增长和投资机会开辟了新的途径。然而，与任何投资一样，投资者必须理解相关风险并进行适当的研究，以做出明智的决策。ADR的兴起突显了全球市场的相互联系，以及有效导航这些市场的重要性。