Global Depository Receipt

简明释义

全球存托凭证

英英释义

例句

1.Investors can purchase shares of foreign companies through a Global Depository Receipt (全球存托凭证).

投资者可以通过全球存托凭证（Global Depository Receipt）购买外国公司的股票。

2.Many emerging market companies opt for Global Depository Receipts to attract foreign investors. (全球存托凭证使许多新兴市场公司能够吸引外国投资者。)

许多新兴市场公司选择使用全球存托凭证来吸引外国投资者。

3.The Global Depository Receipt program allows companies to raise capital in international markets while being listed on their home exchanges. (全球存托凭证计划允许公司在国际市场上筹集资金，同时在其本国交易所上市。)

该全球存托凭证计划允许公司在国际市场上筹集资金，同时在其本国交易所上市。

4.A company issued Global Depository Receipts to expand its investor base internationally. (全球存托凭证使公司能够在国际上扩大其投资者基础。)

一家公司发行了全球存托凭证以在国际上扩大其投资者基础。

5.The Global Depository Receipt facilitates the trading of foreign stocks in local currency. (全球存托凭证促进了以本地货币交易外国股票。)

该全球存托凭证促进了以本地货币交易外国股票。

作文

In the world of international finance, various instruments are used to facilitate investment across borders. One such instrument is the Global Depository Receipt, commonly abbreviated as GDR. A Global Depository Receipt is a negotiable certificate that represents shares in a foreign company. It allows investors to buy shares in companies that are not listed on their local stock exchanges, providing a pathway for global investment diversification.The concept of Global Depository Receipts emerged in the late 20th century as globalization took hold and investors sought opportunities beyond their home markets. By purchasing a GDR, an investor essentially buys the right to ownership of a specific number of shares in a foreign company, which are held in trust by a bank. This bank issues the GDRs, allowing them to be traded on local stock exchanges, thus making it easier for investors to gain exposure to foreign companies.One of the primary benefits of investing in Global Depository Receipts is the ability to access international markets without the complications of directly buying foreign stocks. This can significantly reduce the barriers to entry for investors who may not be familiar with the regulations and practices of other countries. For example, a U.S. investor interested in a promising technology firm based in India could purchase its GDRs listed on a U.S. exchange, simplifying the investment process.Moreover, Global Depository Receipts provide liquidity and flexibility. Investors can easily buy and sell GDRs just like any other stock, which enhances market efficiency. This liquidity is particularly appealing to institutional investors who may require larger volumes of shares for their portfolios. Additionally, GDRs often come with dividends, which are paid out in the investor's local currency, further enhancing their attractiveness as an investment vehicle.However, investing in Global Depository Receipts is not without risks. The performance of GDRs is closely tied to the underlying foreign company's performance, and investors must consider the economic and political stability of the country where the company operates. Furthermore, currency fluctuations can impact the returns on investments made through GDRs, as changes in exchange rates can affect the value of dividends and capital gains.In conclusion, Global Depository Receipts serve as a vital tool for investors looking to diversify their portfolios internationally. They combine the benefits of foreign investment with the convenience and accessibility of local trading platforms. While there are inherent risks associated with this type of investment, the potential rewards make Global Depository Receipts an attractive option for many investors seeking to broaden their horizons in the global marketplace. As the world continues to become more interconnected, the role of GDRs in facilitating international investment is likely to grow even further.

在国际金融的世界中，各种工具被用来促进跨境投资。其中一种工具是全球存托凭证，通常缩写为GDR。全球存托凭证是一种可转让的证书，代表着对外国公司股票的所有权。它使投资者能够购买在当地证券交易所未上市公司的股票，从而提供了全球投资多样化的途径。全球存托凭证的概念出现在20世纪末，随着全球化的加速，投资者寻求超越本国市场的机会。通过购买GDR，投资者实际上是购买了对特定数量的外国公司股票的所有权，这些股票由银行信托保管。该银行发行GDR，使其可以在当地证券交易所进行交易，从而简化了投资者对外国公司的投资过程。投资全球存托凭证的主要好处之一是能够在不直接购买外国股票的情况下进入国际市场。这可以显著降低投资者的进入壁垒，尤其是对于那些可能不熟悉其他国家的法规和实践的投资者。例如，一位对印度一家有前景的科技公司感兴趣的美国投资者，可以购买在美国交易所上市的该公司的GDR，从而简化投资过程。此外，全球存托凭证提供了流动性和灵活性。投资者可以像买卖任何其他股票一样轻松地买卖GDR，这增强了市场的效率。这种流动性对需要为其投资组合提供更大量股票的机构投资者尤为吸引人。此外，GDR通常会支付股息，这些股息以投资者的本币支付，进一步增强了它们作为投资工具的吸引力。然而，投资全球存托凭证并非没有风险。GDR的表现与基础外国公司的表现密切相关，投资者必须考虑公司所在国家的经济和政治稳定性。此外，货币波动可能会影响通过GDR进行的投资回报，因为汇率变化可能会影响股息和资本收益的价值。总之，全球存托凭证作为投资者寻求国际投资组合多样化的重要工具。它们将外国投资的好处与当地交易平台的便利性和可及性结合在一起。尽管这种投资类型存在固有风险，但潜在的回报使得全球存托凭证对许多寻求在全球市场拓宽视野的投资者而言，成为一种有吸引力的选择。随着世界日益互联互通，GDR在促进国际投资中的作用可能会进一步增强。