Definition! Chinese Depositary Receipt – CDR

A type of depositary receipt that is traded on Chinese stock exchanges. A CDR is a certificate issued by a Chinese bank that represents a pool of foreign equity that is traded on local Chinese exchanges. Foreign companies can use CDRs to allow both Chinese institutional and private investors to own their stock. In other words, a depositary receipt (DR) is a certificate issued … http://bit.ly/2tt0mHr

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