User:Hfdmzzf

>Chinese Depository Receipt, CDR, the counter-part of ADR, will be issued soon according to the announcement of China Securities Regulatory Commission, they have been discussed to open CRD to overseas public-listed companies such as Alibaba and JD.com since end of last year.

1. what is CDR? CDR is the counter part of American Depository receipt, that is, the overseas companies put their issued stocks in the bank, and the bank issued the CDR in the market, which could be trade in the domestic currency, the holder of the depository receipt is the same as holding the stock, and has the same right.

2 why is CDR?

Many Chinese overseas public listed companies have the organization of VIE, Variable Interest Entities, and may not have a positive profit ready, this regulatory change will bring them to the markets sooner than change their company organization.

3 is this the mainstream way? Examples such as Baidu, Alibaba, JD all uses ADR to be listed in the US market, many of the well-known companies have not registered in the US, the US requires all the companies in the US stock market registered in the US, if not registered in the US, they can only issue ADR instead. 