{"id":10345,"date":"2022-04-01T11:49:26","date_gmt":"2022-04-01T03:49:26","guid":{"rendered":"https:\/\/\/?p=10345"},"modified":"2022-06-08T11:10:24","modified_gmt":"2022-06-08T03:10:24","slug":"what-is-adr-and-how-to-buy","status":"publish","type":"post","link":"https:\/\/\/what-is-adr-and-how-to-buy\/","title":{"rendered":"ADR\u662f\u4ec0\u9ebc\uff1fADR\u600e\u9ebc\u8cb7\uff1f\u6700\u5b8c\u6574\u7684ADR\u6559\u5b78\u61f6\u4eba\u5305"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-35161\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220418101400_21.jpg\" alt=\"ADR-\u662f\u4ec0\u9ebc\" width=\"2090\" height=\"1094\" srcset=\"https:\/\/\/wp-content\/uploads\/20220418101400_21.jpg 2090w, https:\/\/\/wp-content\/uploads\/20220418101400_21-1536x804.jpg 1536w, https:\/\/\/wp-content\/uploads\/20220418101400_21-2048x1072.jpg 2048w\" sizes=\"(max-width: 2090px) 100vw, 2090px\" \/><\/p>\n<p>\u65b0\u805e\u4e0a\u5e38\u770b\u5230\u7684 ADR \u53f0\u7a4d\u96fb\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<\/p>\n<p>ADR\u00a0 (American Depositary Receipts)\u5176\u5be6\u662f<strong>\u5b58\u6258\u6191\u8b49(DR)<\/strong>\u7684\u4e00\u7a2e\uff0c\u6307\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\uff0c\u50cf\u662f \u53f0\u7a4d\u96fbADR \u4ee3\u865f\u5c31\u662fTSM\uff0c<br \/>\n\u8cfc\u8cb7\u6642\u8981\u6ce8\u610f\uff0c\u7f8e\u80a1\u958b\u76e4\u6642\u9593\u3001\u80a1\u606f\u7a05\u52d9\u90fd\u548c\u53f0\u80a1\u6703\u4e0d\u592a\u4e00\u6a23\u3002<\/p>\n<p>\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u4ecb\u7d39\u7f8e\u570b\u5b58\u8a17\u6191\u8b49 ADR (American Depositary Receipts)\uff0c\u544a\u8a34\u4f60\u8cb7ADR\u7b97\u64c1\u6709\u516c\u53f8\u80a1\u7968\u55ce\uff1f\u5b58\u8a17\u6191\u8b49\u7684\u7a2e\u985e\u3001ADR\u7684\u5c64\u7d1a\u3001\u6295\u8cc7ADR\u7684\u512a\u9ede\u53ca\u7f3a\u9ede\uff0c\u53f0\u7063\u8cfc\u8cb7ADR\u8981\u6ce8\u610f\u7684\u4e8b\u60c5\uff0c\u4ee5\u53ca\u80a1\u5229\u8ab2\u7a05\u65b9\u5f0f\u3002<\/p>\n<p><!--more--><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">\u672c\u6587\u5e02\u5834\u5148\u751f\u6703\u544a\u8a34\u4f60\uff1a<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6611dcddbfa90\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6611dcddbfa90\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"ADR\u662f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u662f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E6%8C%81%E6%9C%89_vs_%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E6%8C%81%E6%9C%89\" title=\"ADR\u6301\u6709 vs. \u516c\u53f8\u80a1\u7968\u6301\u6709\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u6301\u6709 vs. \u516c\u53f8\u80a1\u7968\u6301\u6709<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E7%9A%84%E7%A8%AE%E9%A1%9E%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\" title=\"ADR\u7684\u7a2e\u985e\u6709\u54ea\u4e9b\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u7684\u7a2e\u985e\u6709\u54ea\u4e9b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E7%9A%84%E5%B1%A4%E7%B4%9A%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\" title=\"ADR\u7684\u5c64\u7d1a\u6709\u54ea\u4e9b\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u7684\u5c64\u7d1a\u6709\u54ea\u4e9b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E6%8A%95%E8%B3%87%E5%84%AA%E7%BC%BA%E9%BB%9E%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\" title=\"ADR\u6295\u8cc7\u512a\u7f3a\u9ede\u6709\u54ea\u4e9b\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u6295\u8cc7\u512a\u7f3a\u9ede\u6709\u54ea\u4e9b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#%E5%8F%B0%E7%81%A3%E6%9C%89%E5%93%AA%E4%BA%9B_ADR_%EF%BC%9F\" title=\"\u53f0\u7063\u6709\u54ea\u4e9b ADR \uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u53f0\u7063\u6709\u54ea\u4e9b ADR \uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR%E6%8A%95%E8%B3%87%E6%99%82%E8%A6%81%E6%B3%A8%E6%84%8F%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"ADR\u6295\u8cc7\u6642\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR\u6295\u8cc7\u6642\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR_vs_IPO_vs_DR%EF%BC%8C%E5%B7%AE%E7%95%B0%E5%9C%A8%E5%93%AA%EF%BC%9F\" title=\"ADR vs. IPO vs. DR\uff0c\u5dee\u7570\u5728\u54ea\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR vs. IPO vs. DR\uff0c\u5dee\u7570\u5728\u54ea\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR_%E6%80%8E%E9%BA%BC%E8%B2%B7%EF%BC%9F\" title=\"ADR \u600e\u9ebc\u8cb7\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR \u600e\u9ebc\u8cb7\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#ADR_%E8%82%A1%E5%88%A9%E8%AA%B2%E7%A8%85%E6%96%B9%E5%BC%8F\" title=\"ADR \u80a1\u5229\u8ab2\u7a05\u65b9\u5f0f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR \u80a1\u5229\u8ab2\u7a05\u65b9\u5f0f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#%E4%BB%A5%E5%8F%B0%E7%A9%8D%E9%9B%BB%E7%82%BA%E4%BE%8B%EF%BC%9A%E8%B2%B7%E5%8F%B0%E8%82%A12330%E8%B7%9FADR%E5%9C%A8%E7%A8%85%E5%8B%99%E4%B8%8A%E5%93%AA%E5%80%8B%E6%AF%94%E8%BC%83%E5%88%92%E7%AE%97%EF%BC%9F\" title=\"\u4ee5\u53f0\u7a4d\u96fb\u70ba\u4f8b\uff1a\u8cb7\u53f0\u80a12330\u8ddfADR\u5728\u7a05\u52d9\u4e0a\u54ea\u500b\u6bd4\u8f03\u5212\u7b97\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u4ee5\u53f0\u7a4d\u96fb\u70ba\u4f8b\uff1a\u8cb7\u53f0\u80a12330\u8ddfADR\u5728\u7a05\u52d9\u4e0a\u54ea\u500b\u6bd4\u8f03\u5212\u7b97\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/#%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9AADR%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1aADR\u662f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1aADR\u662f\u4ec0\u9ebc\uff1f<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>ADR\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote><p><strong>\u53f0\u7063 ADR\u7684\u5b9a\u7fa9\uff0c\u5c31\u662f<\/strong>\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\u3002<\/p><\/blockquote>\n<p>\u4e8b\u5be6\u4e0a\uff0cADR\u7684\u5168\u540d\u662f\u7f8e\u570b\u5b58\u8a17\u6191\u8b49(American Depositary Receipts , ADR)\uff0c\u662f\u6d77\u5916\u5b58\u8a17\u6191\u8b49(Depository Receipt , DR)\u7684\u4e00\u7a2e\uff0c<\/p>\n<p>\u7c21\u55ae\u4f86\u8aaa\uff0c\u80a1\u7968\u539f\u672c\u53ea\u6703\u5728\u539f\u672c\u4e0a\u5e02\u7576\u5730\u7684\u5e02\u5834\u88ab\u8cb7\u8ce3\uff0c\u4f8b\u5982\u53f0\u80a1\u53ea\u80fd\u5728\u53f0\u7063\u8cb7\u8ce3\u3001\u7f8e\u80a1\u53ea\u80fd\u5728\u7f8e\u570b\u8cb7\u8ce3\uff0c\u5373\u4f7f\u900f\u904e\u985e\u4f3c<a href=/index.html"https:\/\/\/what-sub-brokerage\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8907\u59d4\u8a17<\/a>\u7684\u65b9\u5f0f\uff0c\u672c\u8cea\u4e5f\u662f\u5e6b\u4f60\u53bb\u6d77\u5916\u8cb7\u80a1\u7968\uff0c\u80a1\u7968\u4ea4\u6613\u7684\u5e02\u5834\u4e26\u6c92\u6709\u6539\u8b8a\u3002<\/p>\n<p>\u5982\u679c\u662f\u975e\u7576\u5730\u4e0a\u5e02\u7684\u516c\u53f8\uff0c\u5982\u679c\u8981\u5728\u53e6\u4e00\u500b\u5e02\u5834\u4e5f\u80fd\u540c\u6642\u88ab\u4ea4\u6613\u80a1\u7968\uff0c\u9019\u6642\u5c31\u8981\u628a\u539f\u672c\u7684\u80a1\u7968\u4f5c\u70ba\u5b58\u8a17\u6191\u8b49(Depositary Receipts,DR)\u653e\u5230\u53e6\u4e00\u500b\u5e02\u5834\u4e0a\u53bb\u3002<\/p>\n<p>\u6d77\u5916\u5b58\u8a17\u6191\u8b49\u662f\u6307\u570b\u5167\u4e0a\u5e02\u6ac3\u516c\u53f8\uff0c\u5c07\u80a1\u7968\u4ea4\u4ed8\u6d77\u5916\u5b58\u8a17\u6a5f\u69cb\uff0c\u767c\u884c\u4ee5\u7576\u5730\u5e63\u503c\u8a08\u50f9\u7684\u80a1\u7968\u6191\u8b49\uff0c\u85c9\u6b64\u51fa\u552e\u7d66\u6d77\u5916\u6295\u8cc7\u4eba\u7684\u5de5\u5177\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E6%8C%81%E6%9C%89_vs_%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E6%8C%81%E6%9C%89\"><\/span>ADR\u6301\u6709 vs. \u516c\u53f8\u80a1\u7968\u6301\u6709<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DR\u662f\u5b58\u8a17\u6191\u8b49\uff0c\u610f\u601d\u662f\u516c\u53f8\u5230\u570b\u5916\u767c\u884c\u80a1\u7968\u7684\u6191\u8b49\uff0c\u9019\u4e26\u4e0d\u662f\u80a1\u7968\uff0c\u800c\u662f\u6295\u8cc7\u4eba\u64c1\u6709\u6295\u8cc7\u67d0\u4e00\u5bb6\u516c\u53f8\u80a1\u7968\u7684\u6191\u8b49\u3002<\/p>\n<p>ADR\u662f\u4ee5\u7f8e\u5143\u8a08\u50f9\u7684\u6191\u8b49\uff0c\u5728\u7f8e\u570b\u8b49\u5238\u4ea4\u6613\u6240\u4ea4\u6613\uff0c\u8ffd\u8e64\u4e00\u5bb6\u5916\u570b\u516c\u53f8\u570b\u5167\u80a1\u7968\u7684\u50f9\u683c\uff0cADR\u4ee3\u8868\u9019\u4e9b\u80a1\u7968\u7684\u50f9\u683c\uff0c\u4f46\u5be6\u969b\u4e0a\u6709\u4e9b\u4e26\u4e0d\u50cf\u666e\u901a\u80a1\u7968\u90a3\u6a23\u6388\u4e88\u6295\u8cc7\u4eba\u6295\u7968\u6b0a(\u975e\u53c3\u8207\u578b\u7684ADR\u7121\u6295\u7968\u6b0a)\u3002<\/p>\n<p>ADR\u662f\u6307\u7f8e\u570b\u4ee5\u5916\u7684\u516c\u53f8\uff0c\u5230\u7f8e\u570b\u639b\u724c\u4e0a\u5e02\uff0c\u8209\u4f8b\u4f86\u8aaa\u53f0\u7a4d\u96fbADR\u5c31\u662f\u53f0\u7a4d\u96fb\u5230\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\u6191\u8b49\u3002<br \/>\n\u6301\u6709ADR\u7684\u5927\u81f4\u548c\u4e00\u822c\u80a1\u7968\u76f8\u540c\uff0c\u4f46\u4e0d\u8ad6\u4f60\u662f\u8cb7\u53f0\u7a4d\u96fbADR\uff0c\u6216\u662f\u53f0\u80a1\u76842330\uff0c\u8cb7\u7684\u90fd\u662f\u540c\u4e00\u9593\u516c\u53f8\uff0c\u53ea\u662f\u9084\u8981\u6ce8\u610f\u6703\u6709<strong>\u63db\u80a1\u6bd4\u4f8b<\/strong>\uff0c\u4ee5\u53ca<strong>\u53d7\u5230\u532f\u5dee\u7684\u5f71\u97ff<\/strong>\u3002<\/p>\n<h3><strong>\u63d0\u9192\uff1aADR\u8207\u80a1\u7968\u514c\u63db\u6bd4\u7387\u4e0d\u4e00\u5b9a\u662f1\uff1a1<\/strong><\/h3>\n<p>ADR\u8207\u539f\u672c\u4ee3\u8868\u7684\u80a1\u7968\uff0c\u514c\u63db\u6bd4\u7387\u4e0d\u4e00\u5b9a\u662f1\uff1a1\uff0c\u9019\u500b\u662f\u7531\u767c\u884c\u6a5f\u69cb\u81ea\u884c\u6c7a\u5b9a\u7684\uff0c\u6709\u6642\u50191\u80a1ADR\u7b49\u65bc 10\u80a1\u3001100\u80a1\u7684\u80a1\u7968\u90fd\u6709\u53ef\u80fd\uff0c\u4ee5\u53f0\u7a4d\u96fbADR\u70ba\u4f8b\uff0c1\u55ae\u4f4d\u53f0\u7a4d\u96fb\u7684ADR = 5\u80a1\u53f0\u7a4d\u96fb(2330)\u7684\u80a1\u7968\u3002<\/p>\n<blockquote><p><strong><span style=\"color: #800000;\">\u6295\u8cc7\u5c0f\u77e5\u8b58\uff1a\u5b58\u8a17\u6191\u8b49\u5230\u5e95\u6709\u54ea\u4e9b\u7a2e\u985e\uff1f<\/span><\/strong><\/p>\n<p><strong>\u5b58\u8a17\u6191\u8b49\uff08DR\uff09\u4f9d\u300c\u767c\u884c\u5730\u300d\u4e0d\u540c\uff0c\u6709\u4e0d\u540c\u7684\u540d\u7a31\uff1a<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">ADR\uff1a\u975e\u7f8e\u570b\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u82e5\u5728\u7f8e\u570b\u767c\u884c\u7a31\u70baADR\u7f8e\u570b\u5b58\u8a17\u6191\u8b49\uff1b<\/span><\/li>\n<li><span style=\"font-size: 16px;\">TDR\uff1a\u975e\u53f0\u7063\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u5728\u53f0\u7063\u767c\u884c\u7a31\u70ba<a href=/index.html"https:\/\/\/5-5\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">TDR\u53f0\u7063\u5b58\u8a17\u6191\u8b49<\/a>\uff1b<\/span><\/li>\n<li><span style=\"font-size: 16px;\">EDR\uff1a\u5728\u6b50\u6d32\u767c\u884c\uff0c\u7a31\u70baEDR\u6b50\u6d32\u5b58\u8a17\u6191\u8b49\uff1b<\/span><\/li>\n<li><span style=\"font-size: 16px;\">GDR\uff1a\u80fd\u57282\u500b\u4ee5\u4e0a\u80a1\u7968\u5e02\u5834\u4ea4\u6613\uff0c\u5247\u7a31\u70ba\u5168\u7403\u5b58\u8a17\u6191\u8b49(Global Depositary Receipt , GDR)\u3002<\/span><\/li>\n<\/ul>\n<p>\u8209\u4f8b\u4f86\u8aaa\uff0c\u53f0\u7a4d\u96fb\u53ef\u4ee5\u5728\u7f8e\u570b\u767c\u884cADR\u52df\u96c6\u7f8e\u570b\u6295\u8cc7\u4eba\u7684\u8cc7\u91d1\uff1b\u570b\u5916\u516c\u53f8\u4e5f\u80fd\u5230\u53f0\u7063\u767c\u884cTDR\uff0c\u52df\u96c6\u53f0\u7063\u6295\u8cc7\u4eba\u8cc7\u91d1\u3002\u5c0d\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u597d\u8655\u662f\u4e0d\u7528\u5230\u570b\u5916\u958b\u6236\u4e5f\u80fd\u6295\u8cc7\u570b\u5916\u80a1\u7968\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E7%9A%84%E7%A8%AE%E9%A1%9E%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\"><\/span>ADR\u7684\u7a2e\u985e\u6709\u54ea\u4e9b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u5b58\u8a17\u6191\u8b49\u4f9d\u300c\u516c\u53f8\u53c3\u8207\u7a0b\u5ea6\u300d\u4e0d\u540c\uff0c\u53c8\u5206\u70ba\u53c3\u8207\u578b\u3001\u975e\u53c3\u8207\u578b\uff1a<\/strong><\/p>\n<h3><strong>1. \u53c3\u8207\u578b(Sponsored)\u00a0<\/strong><\/h3>\n<p><strong>\u767c\u884c\u516c\u53f8<\/strong>\u8207\u5b58\u8a17\u6a5f\u69cb\u7c3d\u8a02\u5b58\u8a17\u5951\u7d04(Depository Agreement)\uff0c\u8868\u793a\u539f\u5238\u767c\u884c\u516c\u53f8\u5c0d\u6295\u8cc7\u4eba\u5b8c\u5168\u8ca0\u8cac\uff0c\u4e26\u8ca0\u64d4\u767c\u884c\u6642\u7684\u6703\u8a08\u3001\u5f8b\u5e2b\u3001\u4e00\u5207\u884c\u653f\u8cbb\u7528\u3002<\/p>\n<p>\u539f\u5238\u767c\u884c\u516c\u53f8\u59d4\u8a17\u5b58\u8a17\u9280\u884c\uff0c\u628a\u6709\u50f9\u8b49\u5238\u4ea4\u7531\u4fdd\u7ba1\u9280\u884c\u4fdd\u7ba1\uff0c\u518d\u7531\u4fdd\u7ba1\u9280\u884c\u901a\u77e5\u5b58\u8a17\u9280\u884c\u767c\u884c\u5b58\u8a17\u6191\u8b49\uff0c\u767c\u884c\u516c\u53f8\u53ef\u85c9\u7531\u9019\u985e\u578b\u5b58\u8a17\u6191\u8b49\u7c4c\u63aa\u8cc7\u91d1\uff0c<\/p>\n<p>\u800c\u4e14\u5be9\u67e5\u7a0b\u5ea6\u4e5f\u8f03\u70ba\u56b4\u683c\u8b39\u614e\uff0c\u5fc5\u9808\u5b9a\u671f\u63d0\u4f9b\u76f8\u95dc\u7684\u8ca1\u52d9\u8cc7\u8a0a(\u4f8b\u5982\u65b0\u80a1\u8a8d\u8cfc\u3001\u80a1\u6771\u6703\u53ec\u96c6\u4ee5\u53ca\u914d\u767c\u80a1\u606f\u80a1\u5229\u7b49\u516c\u544a\u6216\u901a\u77e5)\u7d66\u5b58\u8a17\u6a5f\u69cb\u6216\u4fdd\u7ba1\u6a5f\u69cb\uff0c\u6295\u8cc7\u4eba\u6301\u6709\u9019\u985e\u578b\u7684\u5b58\u8a17\u6191\u8b49\uff0c\u6703\u5b9a\u671f\u6536\u5230\u8ca1\u52d9\u516c\u5831\uff0c\u6295\u8cc7\u4eba\u8f03\u6709\u4fdd\u969c\u3002<\/p>\n<h3><strong>2. \u975e\u53c3\u8207\u578b(Unsponsored)<\/strong><\/h3>\n<p>\u6295\u8cc7\u9280\u884c\u3001\u4fe1\u8a17\u516c\u53f8\u3001\u8b49\u5238\u5546\u6216\u80a1\u7968\u767c\u884c\u516c\u53f8\u5927\u80a1\u6771\u70ba\u4f7f\u5176\u6240\u6301\u6709\u7684\u80a1\u7968\u6d41\u901a\u65bc\u6d77\u5916\u5e02\u5834\uff0c\u4ee5\u81ea\u5df1\u540d\u7fa9(<strong>\u975e\u767c\u884c\u516c\u53f8\u540d\u7fa9<\/strong>)\u5c07\u8a72\u80a1\u7968\u5b58\u5165\u672c\u570b\u4fdd\u7ba1\u6a5f\u69cb\uff0c<\/p>\n<p>\u4e26\u59d4\u8a17\u5916\u570b\u5b58\u8a17\u6a5f\u69cb\u767c\u884c\u6d77\u5916\u5b58\u8a17\u6191\u8b49\u3002\u56e0\u767c\u884c\u8a72\u80a1\u7968\u7684\u672c\u570b\u516c\u53f8\u4e26\u672a\u4ecb\u5165\u53c3\u8207\u6b64\u767c\u884c\u7a0b\u5e8f\uff0c\u6545\u5176\u50c5\u9808\u51fa\u5177\u7121\u7570\u8b70(no objection)\u6587\u4ef6\u5373\u53ef\u3002<\/p>\n<p>\u7c21\u55ae\u4f86\u8aaa\uff0c\u9019\u985e\u578b\u4e00\u822c\u662f\u7531\u6295\u8cc7\u9280\u884c\u5728\u5883\u5916\u8cfc\u5f97\u5916\u570b\u6709\u50f9\u8b49\u5238\u5f8c\uff0c\u5c07\u5176\u5b58\u5165\u7576\u5730\u4fdd\u7ba1\u9280\u884c\uff0c\u518d\u59d4\u8a17\u5883\u5167\u5b58\u8a17\u9280\u884c\u767c\u884c\u3002<br \/>\n\u9019\u985e\u7684\u5b58\u8a17\u6191\u8b49\uff0c\u4ee5\u5df2\u767c\u884c\u7684\u80a1\u7968\u70ba\u59d4\u8a17\u6a19\u7684\uff0c\u4e26\u672a\u767c\u884c\u65b0\u80a1\uff0c\u50c5\u5728\u6b21\u7d1a\u5e02\u5834\u6d41\u901a\uff0c\u767c\u884c\u8cbb\u7528\u7531\u6295\u8cc7\u4eba\u81ea\u884c\u8ca0\u64d4\u3002<\/p>\n<p>\u4ee5\u975e\u53c3\u8207\u578b\u7684ADR\u70ba\u4f8b\uff0c\u56e0\u70ba\u7121\u95dc\u516c\u53f8\u589e\u8cc7\uff0c\u6240\u4ee5\u7f8e\u570b\u8b49\u7ba1\u6703(SEC)\u7684\u5be9\u67e5\u7a0b\u5ea6\u8f03\u7c21\u5316\uff0c\u800c\u8fd1\u5e74\u4f86\u70ba\u4e86\u4fdd\u969c\u6295\u8cc7\u4eba\u6b0a\u76ca\uff0c\u9019\u985e\u578b\u5b58\u8a17\u6191\u8b49\u5df2\u8d8a\u4f86\u8d8a\u5c11\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-32909\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220303163219_100.jpg\" alt=\"\u5b58\u8a17\u6191\u8b49\u767c\u884c\u67b6\u69cb\" width=\"731\" height=\"327\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E7%9A%84%E5%B1%A4%E7%B4%9A%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\"><\/span>ADR\u7684\u5c64\u7d1a\u6709\u54ea\u4e9b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u516c\u53f8\u8981\u767c\u884cADR\uff0c\u5fc5\u9808\u7b26\u5408\u7f8e\u570b\u8b49\u76e3\u6703(SEC)\u76e3\u7ba1\uff0c\u5c6c\u65bc\u300c\u53c3\u8207\u578b\u5b58\u8a17\u6191\u8b49\u300d\uff0c\u6839\u64da\u4e0d\u540c\u7684\u5c64\u7d1a\uff0c\u9700\u7b26\u5408\u4e0d\u540c\u7a0b\u5ea6\u7684\u76e3\u7ba1\u3002<\/p>\n<p>\u5f9e\u5e95\u4e0b\u7684\u8868\u683c\u53ef\u4ee5\u770b\u5230\uff0cADR\u7684\u7d1a\u5225\u8d8a\u9ad8\u3001\u7f8e\u570b\u8b49\u5238\u4ea4\u6613\u59d4\u54e1\u6703(SEC)\u7684\u76e3\u7ba1\u8981\u6c42\u4e5f\u8d8a\u9ad8\uff0c\u5c0d\u6a5f\u69cb\u6295\u8cc7\u4eba\u3001\u6563\u6236\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u9019\u7a2eADR\u7684\u5438\u5f15\u529b\u5c31\u8d8a\u5927\u3002<\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"161\" \/>\n<col width=\"221\" \/>\n<col width=\"248\" \/>\n<col width=\"249\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"5\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;3\u7a2e\u5c64\u6b21\u7684ADR\u5c64\u7d1a&quot;}\">\n<h3 style=\"text-align: center;\"><strong>3\u7a2eADR\u5c64\u7d1a<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6bd4\u8f03\u9805\u76ee&quot;}\"><strong>\u6bd4\u8f03\u9805\u76ee<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7b2c\u4e00\u7d1aADR&quot;}\"><strong>\u7b2c\u4e00\u7d1aADR<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7b2c\u4e8c\u7d1aADR&quot;}\"><strong>\u7b2c\u4e8c\u7d1aADR<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7b2c\u4e09\u7d1aADR&quot;}\"><strong>\u7b2c\u4e09\u7d1aADR<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8a3b\u518a\u8981\u6c42&quot;}\"><strong>\u8a3b\u518a\u8981\u6c42<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9700\u5411SEC\u8a3b\u518a&quot;}\">\u9700\u5411SEC\u8a3b\u518a<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9700\u5411SEC\u8a3b\u518a&quot;}\">\u9700\u5411SEC\u8a3b\u518a<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9700\u5411SEC\u8a3b\u518a&quot;}\">\u9700\u5411SEC\u8a3b\u518a<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u76e3\u7ba1\u7a0b\u5ea6&quot;}\"><strong>\u76e3\u7ba1\u7a0b\u5ea6<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u76e3\u7ba1\u5c11\u3001\u6700\u5bec\u9b06\\n \u4e0d\u9700\u7b26\u5408\u7f8e\u570b\u6703\u8a08\u6e96\u5247&quot;}\">\u76e3\u7ba1\u5c11\u3001\u6700\u5bec\u9b06<br \/>\n\u4e0d\u9700\u7b26\u5408\u7f8e\u570b\u6703\u8a08\u6e96\u5247<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u76e3\u7ba1\u4e2d\u7b49\\n \u9700\u7b26\u5408\u7f8e\u570b\u6703\u8a08\u6e96\u5247\uff0c\u8981\u63d0\u4f9b\u5e74\u5831&quot;}\">\u76e3\u7ba1\u4e2d\u7b49<br \/>\n\u9700\u7b26\u5408\u7f8e\u570b\u6703\u8a08\u6e96\u5247\uff0c\u8981\u63d0\u4f9b\u5e74\u5831<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u76e3\u7ba1\u6700\u56b4\u683c\\n \u6bcf\u5e74\u7533\u5831\u8ca1\u52d9\u5831\u8868\uff0c\u6240\u6709\u8981\u6c42\u5fc5\u9808\u8207\u7f8e\u570b\u516c\u53f8\u4e00\u81f4&quot;}\">\u76e3\u7ba1\u6700\u56b4\u683c<br \/>\n\u6bcf\u5e74\u7533\u5831\u8ca1\u52d9\u5831\u8868\uff0c\u6240\u6709\u8981\u6c42\u5fc5\u9808\u8207\u7f8e\u570b\u516c\u53f8\u4e00\u81f4<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u767c\u884c\u6210\u672c&quot;}\"><strong>\u767c\u884c\u6210\u672c<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u4f4e&quot;}\">\u4f4e<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u4e2d&quot;}\">\u4e2d<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9ad8&quot;}\">\u9ad8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u53ef\u5426\u7c4c\u8cc7&quot;}\"><strong>\u53ef\u5426\u7c4c\u8cc7<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5426\uff0c\u5c6c\u65bc\u975e\u7c4c\u8cc7\u578bADR&quot;}\">\u5426<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5426\uff0c\u5c6c\u65bc\u975e\u7c4c\u8cc7\u578bADR&quot;}\">\u5426<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u662f\uff0c\u5c6c\u65bc\u7c4c\u8cc7\u578bADR&quot;}\">\u662f<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u4ea4\u6613\u5e02\u5834&quot;}\"><strong>\u4ea4\u6613\u5e02\u5834<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;OTC\u5834\u5916\u4ea4\u6613&quot;}\">OTC\u5834\u5916\u4ea4\u6613<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;NYSE\\n AMEX\\n NASDAQ&quot;}\">NYSE<br \/>\nAMEX<br \/>\nNASDAQ<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;NYSE\\n AMEX\\n NASDAQ&quot;}\">NYSE<br \/>\nAMEX<br \/>\nNASDAQ<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;ADR\u516c\u53f8\u8209\u4f8b&quot;}\"><strong>ADR\u516c\u53f8\u8209\u4f8b<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;ADIDAS(ADDYY)\\n \u611b\u99ac\u4ed5(HERMES)&quot;}\">ADIDAS(ADDYY)<br \/>\n\u611b\u99ac\u4ed5(HERMES)<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-&quot;}\">&#8211;<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u53f0\u7a4d\u96fb(TSM)\\n \u4e2d\u83ef\u96fb\u4fe1(CHT)\\n \u963f\u91cc\u5df4\u5df4(BABA)&quot;}\">\u53f0\u7a4d\u96fb(TSM)<br \/>\n\u4e2d\u83ef\u96fb\u4fe1(CHT)<br \/>\n\u963f\u91cc\u5df4\u5df4(BABA)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"5\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot; \u8cc7\u6599\u6574\u7406\uff1aMr.Market \u5e02\u5834\u5148\u751f&quot;}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:6,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:6,&quot;2&quot;:&quot;https:\/\/\/&quot;}\uee10{&quot;1&quot;:20}\"><span style=\"font-size: 14px;\">\u8cc7\u6599\u6574\u7406\uff1a<a class=\"in-cell-link\" href=/index.html"https:\/\/\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Mr.Market \u5e02\u5834\u5148\u751f<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E6%8A%95%E8%B3%87%E5%84%AA%E7%BC%BA%E9%BB%9E%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\"><\/span>ADR\u6295\u8cc7\u512a\u7f3a\u9ede\u6709\u54ea\u4e9b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ADR \u80fd\u8b93\u7f8e\u570b\u6295\u8cc7\u4eba\u8cfc\u8cb7\u975e\u7f8e\u570b\u80a1\u7968\uff0c\u4e5f\u80fd\u8b93\u975e\u7f8e\u570b\u516c\u53f8\u7684\u80a1\u7968\uff0c\u5728\u7f8e\u570b\u8b49\u5238\u5e02\u5834\u4ea4\u6613\u3002<br \/>\n\u5c0d\u516c\u53f8\u4f86\u8aaa\uff0c\u767c\u884cADR\u53ef\u4ee5\u52df\u96c6\u6d77\u5916\u8cc7\u91d1\uff1b\u5c0d\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u5229\u7528\u9019\u500b\u5de5\u5177\u6295\u8cc7\u5404\u570b\u516c\u53f8\u80a1\u7968\uff0c\u80fd\u964d\u4f4e\u76f4\u63a5\u6295\u8cc7\u570b\u969b\u5e02\u5834\u7684\u98a8\u96aa\u3002<\/p>\n<h3>ADR\u7684\u512a\u9ede<\/h3>\n<p><strong>\u975e\u7f8e\u570b\u516c\u53f8\u767c\u884c ADR <\/strong><strong>\u7684\u597d\u8655\uff1a<\/strong><\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u5728\u7f8e\u570b\u5e02\u5834\u878d\u8cc7\u3001\u63d0\u5347\u5728\u7f8e\u570b\u5e02\u5834\u7684\u77e5\u540d\u5ea6\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u52df\u96c6\u7f8e\u570b\u7684\u8cc7\u91d1\u3002<\/span><\/li>\n<\/ol>\n<p><strong>\u7f8e\u570b\u6295\u8cc7\u4eba\u3001\u7f8e\u80a1\u6295\u8cc7\u4eba\u8cfc\u8cb7 ADR <\/strong><strong>\u7684\u597d\u8655\uff1a<\/strong><\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u5c0d\u7f8e\u80a1\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u900f\u904e<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\u5238\u5546<\/a>\u8cfc\u8cb7ADR\uff0c\u548c\u8cb7\u7f8e\u80a1\u7684\u65b9\u5f0f\u90fd\u4e00\u6a23\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7f8e\u570b\u6295\u8cc7\u4eba\u8cb7ADR\uff0c\u5c31\u548c\u8cb7\u7f8e\u570b\u80a1\u7968\u4e00\u6a23\uff0c\u4e0d\u7528\u8003\u616e\u570b\u5916\u4ea4\u6613\u5236\u5ea6\u3001\u5916\u532f\u3001\u8a9e\u8a00\u5dee\u7570\u3002<\/span><\/li>\n<\/ol>\n<h3>ADR\u7684\u7f3a\u9ede<\/h3>\n<p><strong>\u975e\u7f8e\u570b\u516c\u53f8\u767c\u884c ADR <\/strong><strong>\u7684\u7f3a\u9ede\uff1a<\/strong><\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u76f8\u8f03\u65bc\u5728\u570b\u5167\u5e02\u5834\u767c\u884c\u65b0\u80a1\u4f86\u8aaa\uff0c\u767c\u884c\u6210\u672c\u6bd4\u8f03\u9ad8\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u56e0\u70ba\u5728\u6d77\u5916\u767c\u884c\u65b0\u80a1\uff0c\u80a1\u672c\u7c4c\u8cc7\u898f\u6a21\u8981\u5927\u624d\u7b26\u5408\u7d93\u6fdf\u6548\u76ca\uff0c\u4e2d\u5c0f\u578b\u516c\u53f8\u4e0d\u9069\u5408\u7528\u9019\u7a2e\u65b9\u5f0f\u52df\u96c6\u8cc7\u91d1\u3002<\/span><\/li>\n<\/ol>\n<p><strong>\u7f8e\u570b\u6295\u8cc7\u4eba\u3001\u7f8e\u80a1\u6295\u8cc7\u4eba\u8cfc\u8cb7 ADR <\/strong><strong>\u7684\u7f3a\u9ede\uff1a<\/strong><\/p>\n<ol>\n<li>\u6709<a href=/index.html"https:\/\/\/liquidity-risk\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6d41\u52d5\u6027\u98a8\u96aa<\/a>\uff0c\u56e0\u70ba\u5b58\u8a17\u6191\u8b49\u7684\u5e02\u5834\u898f\u6a21\u6bd4\u666e\u901a\u80a1\u5e02\u5834\u5c0f\uff0c\u6d41\u52d5\u6027\u6703\u6bd4\u76f4\u63a5\u8cb7\u666e\u901a\u80a1\u4f4e\u3002<\/li>\n<li>\u8981\u6ce8\u610f\u532f\u7387\u98a8\u96aa\uff0c\u56e0\u70baADR\u662f\u4ee5\u4e0d\u540c\u8ca8\u5e63\u8a08\u50f9\uff0c\u7576\u532f\u7387\u6ce2\u52d5\u8f03\u5927\u6703\u5f71\u97ff\u80a1\u50f9\u8868\u73fe\u3002<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"%E5%8F%B0%E7%81%A3%E6%9C%89%E5%93%AA%E4%BA%9B_ADR_%EF%BC%9F\"><\/span>\u53f0\u7063\u6709\u54ea\u4e9b ADR \uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u5230<a href=/index.html"https:\/\/www.twse.com.tw\/zh\/page\/trading\/fund\/FMGDRK.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-wpel-link=\"external\">\u53f0\u7063\u8b49\u5238\u4ea4\u6613\u6240<\/a>\uff0c\u5c31\u53ef\u4ee5\u67e5\u770b\u4e0a\u5e02\u6ac3\u516c\u53f8\u767c\u884c\u7684\u6d77\u5916\u5b58\u8a17\u6191\u8b49\u3002<\/p>\n<p>\u6295\u8cc7\u4eba\u53ef\u4ee5\u628aADR\u60f3\u6210\u8cfc\u8cb7\u7f8e\u570b\u80a1\u7968\uff0c\u5728\u4ea4\u6613\u8ca8\u5e63(\u7f8e\u5143)\u3001\u4ea4\u6613\u6642\u9593\u3001\u914d\u606f\u3001\u7a05\u52d9\u4e0a\u90fd\u548c\u53f0\u80a1\u6709\u6240\u4e0d\u540c\uff0c<br \/>\n\u53ef\u5148\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/us-stock-invest-all\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\u65b0\u624b\u6295\u8cc7\u61f6\u4eba\u5305<\/a><\/p>\n<p><strong>\u76ee\u524d\u53f0\u7063 ADR \u7e3d\u5171\u67096\u500b(2020\u5e745\u6708)\uff1a<\/strong><\/p>\n<p><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"4\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u76ee\u524d\u53f0\u7063ADR\u7e3d\u5171\u67096\u500b(2020\u5e745\u6708)\uff1a&quot;}\">\n<h3><strong>\u76ee\u524d\u53f0\u7063 ADR \u7e3d\u5171\u67096\u500b(2020\u5e745\u6708)\uff1a<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7f8e\u80a1\u4ee3\u865f&quot;}\"><strong>\u7f8e\u80a1\u4ee3\u865f<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u539f\u80a1\u4ee3\u865f&quot;}\"><strong>\u539f\u80a1\u4ee3\u865f<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u539f\u80a1\u540d\u7a31&quot;}\"><strong>\u539f\u80a1\u540d\u7a31<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u63db\u80a1\u6bd4\u4f8b&quot;}\"><strong>\u63db\u80a1\u6bd4\u4f8b<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TSM&quot;}\">TSM<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2330.TW&quot;}\">2330.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u53f0\u7a4d\u96fb&quot;}\">\u53f0\u7a4d\u96fb<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a5&quot;}\">1\uff1a5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;CHT&quot;}\">CHT<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2412.TW&quot;}\">2412.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u4e2d\u83ef\u96fb&quot;}\">\u4e2d\u83ef\u96fb<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a10&quot;}\">1\uff1a10<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;UMC&quot;}\">UMC<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2303.TW&quot;}\">2303.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u806f\u96fb&quot;}\">\u806f\u96fb<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a5&quot;}\">1\uff1a5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;AUO&quot;}\">AUO<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2409.TW&quot;}\">2409.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u53cb\u9054&quot;}\">\u53cb\u9054<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a10&quot;}\">1\uff1a10<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;ASX&quot;}\">ASX<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;3711.TW&quot;}\">3711.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u65e5\u6708\u5149\u6295\u63a7&quot;}\">\u65e5\u6708\u5149\u6295\u63a7<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a5&quot;}\">1\uff1a5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;IMOS&quot;}\">IMOS<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;8150.TW&quot;}\">8150.TW<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5357\u8302&quot;}\">\u5357\u8302<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1\uff1a20&quot;}\">1\uff1a20<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"4\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f&quot;}\"><span style=\"font-size: 14px;\">\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"ADR%E6%8A%95%E8%B3%87%E6%99%82%E8%A6%81%E6%B3%A8%E6%84%8F%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>ADR\u6295\u8cc7\u6642\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u8a31\u591a\u6295\u8cc7\u4eba\u6703<strong>\u7528ADR\u7576\u6210\u8cb7\u9032\u53f0\u80a1\u5c0d\u61c9\u80a1\u7968\u7684\u53c3\u8003\u9ede<\/strong>\uff0c\u56e0\u70baADR\u8207<strong>\u539f\u59cb\u6295\u8cc7\u6a19\u7684\u662f\u4e00\u6a23\u7684<\/strong>\uff0c\u56e0\u6b64\u7f8e\u80a1ADR\u8207\u53f0\u80a1\u4e4b\u9593\u6703\u6709\u4e00\u4e9b\u95dc\u9023\uff0c\u8a31\u591a\u6295\u8cc7\u4eba\u6703<strong>\u89c0\u5bdfADR\u7f8e\u80a1\u958b\u76e4\u72c0\u6cc1\uff0c\u4f86\u63a8\u6572\u53f0\u80a1\u958b\u76e4\u8d70\u52e2<\/strong>\u3002<\/p>\n<p>\u4f46\u662fADR\u8207\u539f\u80a1\u7968\u4e26\u975e1\uff1a1\u514c\u63db\uff0c\u8981\u5148\u67e5\u8a62<strong>\u63db\u80a1\u6bd4\u4f8b<\/strong>\uff0c\u4f8b\u59821\u55ae\u4f4d\u53f0\u7a4d\u96fb\u7684ADR = 5\u80a1\u53f0\u7a4d\u96fb\u7684\u80a1\u7968\uff0c\u7b97\u51fa\u4f86\u4e2d\u9593\u53ef\u80fd\u6703\u6709\u4e9b\u8a31\u50f9\u5dee\uff0c<\/p>\n<p>\u4f46\u9084\u662f\u503c\u5f97\u7576\u6210\u8cb7\u9032\u53f0\u80a1\u5c0d\u61c9\u80a1\u7968\u7684\u53c3\u8003\u9ede\uff0c\u4e0d\u5c11\u4eba\u5c31\u6703\u7528\u53f0\u7a4d\u96fbADR\u4f86\u89c0\u5bdf\u53f0\u7063\u53f0\u7a4d\u96fb\u8d70\u52e2\u3002<\/p>\n<blockquote><p><strong>\u5c07ADR\u80a1\u50f9\u8f49\u63db\u6210\u53f0\u7063\u80a1\u50f9\uff1a<\/strong>ADR\u80a1\u50f9 \u00f7 \u63db\u80a1\u6578 \u00d7 \u532f\u7387 =\u53f0\u7063\u80a1\u50f9<\/p><\/blockquote>\n<p>(ADR\u8cc7\u6599\u53ef\u5230<a href=/index.html"https:\/\/www.adr.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-wpel-link=\"external\">ADR.com<\/a>\u67e5\u8a62\u3001\u532f\u7387\u8b8a\u52d5\u53ef\u81f3<a href=/index.html"https:\/\/rate.bot.com.tw\/xrt\/history\/USD\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-wpel-link=\"external\">\u53f0\u7063\u9280\u884c\u7db2\u7ad9<\/a>\u67e5\u8a62)<\/p>\n<p>\u7576\u7136\uff0c\u50f9\u683c\u7121\u6cd5\u76f4\u63a5\u985e\u6bd4\uff0c\u800c\u6f32\u8dcc\u5e45\u4e00\u822c\u9084\u662f\u6709\u53c3\u8003\u6027\u7684\uff0c\u4f46\u5e45\u5ea6\u4e26\u975e\u7d55\u5c0d\uff0c\u4e0d\u662f\u8aaa\u4eca\u5929\u7f8e\u80a1\u6f32\u591a\u5c11\uff0c\u9694\u5929\u53f0\u80a1\u5c31\u6f32\u591a\u5c11\uff0c<\/p>\n<p>\u56e0\u70ba\u53f0\u80a1\u8207\u7f8e\u80a1\u4ecd\u662f\u6709\u4e9b\u6642\u9593\u5dee\uff0c\u4e14\u4e5f\u8981\u628a\u958b\u76e4\u524d\u5f8c\u5df2\u7d93\u53cd\u61c9\u7684\u8b8a\u52d5\u8003\u616e\u9032\u53bb\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADR_vs_IPO_vs_DR%EF%BC%8C%E5%B7%AE%E7%95%B0%E5%9C%A8%E5%93%AA%EF%BC%9F\"><\/span>ADR vs. IPO vs. DR\uff0c\u5dee\u7570\u5728\u54ea\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u53f0\u7063ADR\uff0c\u5c31\u662f\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\uff0c\u540c\u6a23\u662f\u767c\u884c\u80a1\u7968\uff0c\u4f46IPO\u8ddfADR\u53c8\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/p>\n<p>\u5e02\u5834\u5148\u751f\u5c07\u9019\u4e09\u7a2e\u7684\u6bd4\u8f03\u5217\u5728\u4e0b\u65b9\uff1a<\/p>\n<p><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"268\" \/>\n<col width=\"459\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;IPO\u3001DR\u3001ADR\u91cd\u8981\u540d\u8a5e\u7c21\u4ecb&quot;}\">\n<h3><strong>IPO\u3001DR\u3001ADR\u91cd\u8981\u540d\u8a5e\u7c21\u4ecb<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u540d\u8a5e\u89e3\u91cb&quot;}\"><strong>\u540d\u8a5e\u89e3\u91cb<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8aaa\u660e&quot;}\"><strong>\u8aaa\u660e<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9996\u6b21\u516c\u958b\u767c\u884c\u639b\u724c\u4e0a\u5e02IPO \\n(Initial public offering)&quot;}\"><a href=/index.html"https:\/\/\/what-is-ipo\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u9996\u6b21\u516c\u958b\u767c\u884c\u639b\u724c\u4e0a\u5e02IPO<\/a><br \/>\n(Initial public offering)<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9996\u6b21\u516c\u958b\u767c\u884c\u639b\u724c\u4e0a\u5e02\u7684\u80a1\u7968\uff0cIPO\u548cADR\u7684\u5dee\u7570\uff1a\\n \u5916\u570b\u516c\u53f8\u7528ADR\u5728\u7f8e\u570b\u4e0a\u5e02\uff0c\u5fc5\u9808\u5148\u5728\u672c\u570b\u662f\u4e0a\u5e02\u6216\u4e0a\u6ac3\u516c\u53f8\uff1b\u82e5\u7528IPO\u65b9\u5f0f\u5728\u7f8e\u570b\u4e0a\u5e02\uff0c\u516c\u53f8\u5728\u672c\u570b\u5fc5\u9808\u5c1a\u672a\u4e0a\u5e02\u6216\u4e0a\u6ac3\u3002&quot;}\">\u9996\u6b21\u516c\u958b\u767c\u884c\u639b\u724c\u4e0a\u5e02\u7684\u80a1\u7968\uff0cIPO\u548cADR\u7684\u5dee\u7570\uff1a<br \/>\n\u5916\u570b\u516c\u53f8\u7528ADR\u5728\u7f8e\u570b\u4e0a\u5e02\uff0c\u5fc5\u9808\u5728\u539f\u672c\u570b\u5bb6\u5df2\u662f\u4e0a\u5e02\u6ac3\u516c\u53f8\uff1b\u82e5\u7528IPO\u5728\u7f8e\u570b\u4e0a\u5e02\uff0c\u5247\u5fc5\u9808\u5c1a\u672a\u6210\u70ba\u4e0a\u5e02\u6ac3\u516c\u53f8\uff0c\u624d\u80fd\u5728\u7f8e\u570b\u9996\u6b21\u516c\u958b\u767c\u884c\u639b\u724c\u4e0a\u5e02\u3002<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6d77\u5916\u5b58\u8a17\u6191\u8b49DR\\n (Depositary Receipts)&quot;}\"><a href=/index.html"https:\/\/\/5-5\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5b58\u8a17\u6191\u8b49DR<\/a><br \/>\n(Depositary Receipts)<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u570b\u5167\u4e0a\u5e02\u6ac3\u516c\u53f8\uff0c\u5c07\u80a1\u7968\u4ea4\u4ed8\u6d77\u5916\u5b58\u8a17\u6a5f\u69cb\uff0c\u767c\u884c\u4ee5\u7576\u5730\u5e63\u503c\u8a08\u50f9\u7684\u80a1\u7968\u6191\u8b49\uff0c\u85c9\u6b64\u51fa\u552e\u7d66\u6d77\u5916\u6295\u8cc7\u4eba\u7684\u5de5\u5177\u3002\u4f9d\u767c\u884c\u5730\u4e0d\u540c\u6703\u6709\u4e0d\u540c\u7684\u540d\u7a31\uff0c\u4f8b\u5982ADR\u3001TDR\u3001EDR\u3001GDR\u7b49\u7b49\u3002&quot;}\">\u570b\u5167\u4e0a\u5e02\u6ac3\u516c\u53f8\uff0c\u5c07\u80a1\u7968\u4ea4\u4ed8\u6d77\u5916\u5b58\u8a17\u6a5f\u69cb\uff0c\u767c\u884c\u4ee5\u7576\u5730\u5e63\u503c\u8a08\u50f9\u7684\u80a1\u7968\u6191\u8b49\uff0c\u85c9\u6b64\u51fa\u552e\u7d66\u6d77\u5916\u6295\u8cc7\u4eba\u7684\u5de5\u5177\u3002\u4f9d\u767c\u884c\u5730\u4e0d\u540c\u6703\u6709\u4e0d\u540c\u7684\u540d\u7a31\uff0c\u4f8b\u5982ADR\u3001TDR\u3001EDR\u3001GDR\u7b49\u7b49\u3002<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7f8e\u570b\u5b58\u8a17\u6191\u8b49ADR\\n(American Depositary Receipts)&quot;}\">\u7f8e\u570b\u5b58\u8a17\u6191\u8b49ADR<br \/>\n(American Depositary Receipts)<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;A\u5c31\u662fAmerican\uff0c\u6307\u5916\u570b\u516c\u53f8\u5728\u4e0a\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\uff0c\u82e5\u662f\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684ADR\uff0c\u7a31\u70ba\u53f0\u80a1ADR\u3002&quot;}\">A\u5c31\u662fAmerican\uff0c\u6307\u5916\u570b\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\uff0c\u82e5\u662f\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02ADR\uff0c\u5c31\u662f\u53f0\u7063ADR\u3002<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f&quot;}\"><span style=\"font-size: 14px;\">\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u7c21\u55ae\u4f86\u8aaa\uff0c\u7b2c\u4e00\u6b21\u5728\u67d0\u5e02\u5834\u4e0a\u5e02\u662f<a href=/index.html"https:\/\/\/what-is-ipo\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">IPO<\/a>\uff0c\u800c\u5df2\u7d93\u4e0a\u5e02\u5f8c\u53c8\u5728\u5176\u4ed6\u5e02\u5834\u767c\u884c\u5b58\u8a17\u6191\u8b49\uff0c\u90a3\u5c31\u662fDR\u4e86\u3002<\/p>\n<p>\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/what-is-ipo\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u4ec0\u9ebc\u662fIPO\uff1f<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADR_%E6%80%8E%E9%BA%BC%E8%B2%B7%EF%BC%9F\"><\/span>ADR \u600e\u9ebc\u8cb7\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u4f4f\u5728\u53f0\u7063\u60f3\u8cb7ADR\u7684\u6295\u8cc7\u4eba\uff0c\u53ef\u4ee5\u900f\u904e<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u80a1\u5238\u5546<\/a>\u3001<a href=/index.html"https:\/\/\/what-sub-brokerage\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8907\u59d4\u8a17<\/a>\u4f86\u8cfc\u8cb7ADR\u3002<\/p>\n<h3><strong>\u7f8e\u80a1\u5238\u5546\u8cb7ADR<\/strong><\/h3>\n<p>\u7531\u65bc\u7af6\u722d\u6fc0\u70c8\uff0c\u624b\u7e8c\u8cbb\u90fd\u5f88\u4f4e\uff0c\u4e26\u4e14\u6c92\u6709\u4ea4\u6613\u7a05\uff0c\u6574\u9ad4\u4ea4\u6613\u6210\u672c\u5f88\u4f4e\u3002<br \/>\n\u5238\u5546\u4e4b\u9593\u5dee\u7570\u4e0d\u5927\uff0c<br \/>\n\u53ef\u4ee5\u5f9e\u6709\u4e2d\u6587\u5316\u7684\u7f8e\u80a1\u5238\u5546\u4e2d\uff0c\u81ea\u884c\u6311\u9078\u898f\u6a21\u5927\u3001\u7528\u7684\u9806\u624b\u7684\u7f8e\u80a1\u5238\u5546\u5373\u53ef\uff0c<br \/>\n\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e38\u7528\u6295\u8cc7\u7f8e\u80a1\u958b\u6236\u5238\u5546\u6e05\u55ae\u6bd4\u8f03<\/a><\/p>\n<h3><strong>\u8907\u59d4\u8a17\u8cb7ADR<\/strong><\/h3>\n<p>\u53e6\u5916\u4e5f\u53ef\u4ee5\u900f\u904e\u53f0\u7063\u5238\u5546\u7684\u8907\u59d4\u8a17\u8cb7ADR\uff0c\u4f46\u624b\u7e8c\u8cbb\u6703\u76f8\u5c0d\u9ad8\u5f88\u591a\uff0c<br \/>\n\u4f7f\u7528\u8907\u59d4\u8a17\u4e0d\u9069\u5408\u983b\u7e41\u4ea4\u6613\uff0c\u4e5f\u8981\u78ba\u8a8d\u6700\u4f4e\u6536\u53d6\u7684\u624b\u7e8c\u8cbb\u9580\u6abb\uff0c<br \/>\n\u7576\u7136\uff0c\u5982\u679c\u662f\u5f88\u9577\u671f\u7684\u6295\u8cc7\u4e14\u6c92\u6709\u9580\u6abb\u554f\u984c\u7684\u8a71\uff0c\u8cbb\u7528\u7684\u5f71\u97ff\u4e5f\u5c31\u6c92\u9019\u9ebc\u56b4\u91cd\u4e86\u3002<br \/>\n\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/what-sub-brokerage\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u4ec0\u9ebc\u662f\u8907\u59d4\u8a17\uff1f<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADR_%E8%82%A1%E5%88%A9%E8%AA%B2%E7%A8%85%E6%96%B9%E5%BC%8F\"><\/span>ADR \u80a1\u5229\u8ab2\u7a05\u65b9\u5f0f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u6295\u8cc7\u7f8e\u570b\u80a1\u7968\uff0c\u914d\u606f\u6642\u6703\u626330%\u7684\u7a05\u6b3e\uff0c\u4f46\u56e0\u70baADR\u662f\u975e\u7f8e\u570b\u8a3b\u518a\u7684\u516c\u53f8\u666e\u901a\u80a1\uff0c<\/p>\n<p>\u6240\u4ee5\u7f8e\u570b\u653f\u5e9c\u4e0d\u6703\u5fb5\u653630%\u7684\u9810\u6263\u7a05\uff0c\u4f46\u4ecd\u6703\u6709\u9810\u6263\u7a05\uff0c\u9810\u6263\u7a05\u9ad8\u4f4e\u6839\u64da\u5404\u570b\u898f\u5b9a\u800c\u4e0d\u540c\u800c\u5b9a\uff0c(\u4f8b\u5982\u53f0\u7063\u80a1\u7968\u662f21%\u3001\u82f1\u570bUK\u80a1\u7968\u662f0%\uff0c\u6578\u5b57\u4e5f\u6703\u96a8\u6642\u9593\u6539\u8b8a)\u3002<\/p>\n<p>\u53e6\u5916\u9664\u4e86\u7f8e\u570b\u7684\u9810\u6263\u7a05\u4ee5\u5916\uff0c\u53f0\u7063\u4e5f\u6703\u5c0d\u6d77\u5916\u6240\u5f97\u8ab2\u7a05\uff0c\u4f46\u514d\u7a05\u9580\u6abb\u5f88\u9ad8\uff0c\u4e00\u822c\u4eba\u901a\u5e38\u8ab2\u4e0d\u5230\u3002<\/p>\n<p>\u4ee5\u53f0\u7063\u6295\u8cc7\u4eba\u70ba\u4f8b\uff0c\u8cfc\u8cb7ADR\u4e4b\u5f8c\uff0c\u800c\u53f0\u7063\u5c0d\u65bc\u6d77\u5916\u80a1\u5229\u7684\u898f\u5b9a\uff0c\u6295\u8cc7\u4eba\u5168\u5e74\u6d77\u5916\u6240\u5f97\u82e5\u672a\u9054100\u842c\u5143\u5c31\u53ef\u4ee5\u4e0d\u8a08\u5165\u57fa\u672c\u6240\u5f97\u984d\uff0c<\/p>\n<p>\u82e5\u6709\u8d85\u904e100\u842c\uff0c\u5247\u8a08\u7b97\u500b\u4eba\u57fa\u672c\u6240\u5f97\u984d\u662f\u5426\u8d85\u904e670\u842c\u5143\uff0c\u6709\u8d85\u904e\u7684\u8a71\u5c31\u8981\u5148\u6263\u9664670\u842c\u5143\uff0c\u518d\u5c07\u9918\u984d\u4ee520%\u7a05\u7387\u8a08\u7b97\uff0c\u6240\u4ee5\u5982\u679c\u9019\u6642\u5c07\u80a1\u5229\u532f\u56de\u53f0\u7063\u5c31\u5fc5\u9808\u626320%\u7a05\u8cbb\u3002<\/p>\n<blockquote><p>\u53ef\u95b1\u8b80\uff1a<br \/>\n<a href=/index.html"https:\/\/\/us-dividend-tax\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">1.\u7f8e\u80a1\u914d\u606f\u7684\u73fe\u91d1\u80a1\u5229\u7a05\u91d1\u8981\u600e\u9ebc\u8a08\u7b97\uff1f30%\u9810\u6263\u7a05\u662f\u4ec0\u9ebc\uff1f<\/a><br \/>\n<a href=/index.html"https:\/\/\/oversea-fund-tax-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">2.\u6d77\u5916\u6240\u5f97\u7a05\u8ab2\u7a05\u5982\u4f55\u8a08\u7b97\u3001\u600e\u9ebc\u7bc0\u7a05\uff1f<\/a><br \/>\n<a href=/index.html"https:\/\/\/stock-tax-3\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">3.\u6295\u8cc7\u80a1\u5229\u6240\u5f97\u7a05\u600e\u9ebc\u8a08\u7b97\uff1f\u5b58\u80a1\u65cf\u9818\u914d\u606f\u7bc0\u7a05\u65b9\u6cd5<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E4%BB%A5%E5%8F%B0%E7%A9%8D%E9%9B%BB%E7%82%BA%E4%BE%8B%EF%BC%9A%E8%B2%B7%E5%8F%B0%E8%82%A12330%E8%B7%9FADR%E5%9C%A8%E7%A8%85%E5%8B%99%E4%B8%8A%E5%93%AA%E5%80%8B%E6%AF%94%E8%BC%83%E5%88%92%E7%AE%97%EF%BC%9F\"><\/span>\u4ee5\u53f0\u7a4d\u96fb\u70ba\u4f8b\uff1a\u8cb7\u53f0\u80a12330\u8ddfADR\u5728\u7a05\u52d9\u4e0a\u54ea\u500b\u6bd4\u8f03\u5212\u7b97\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ADR\u662f\u6307\u7f8e\u570b\u4ee5\u5916\u7684\u516c\u53f8\uff0c\u5230\u7f8e\u80a1\u53bb\u639b\u724c\u4e0a\u5e02\u767c\u884c\u7684\u80a1\u7968\u6191\u8b49\uff0c\u56e0\u70ba\u662f\u975e\u7f8e\u570b\u8a3b\u518a\u7684\u516c\u53f8\u666e\u901a\u80a1\uff0c\u6240\u4ee5\u7f8e\u570b\u653f\u5e9c\u4e0d\u6703\u5fb5\u653630%\u7684\u9810\u6263\u7a05\uff0c\u4f46\u4ecd\u6703\u6709\u9810\u6263\u7a05\uff0c\u662f\u7e73\u7d66\u539f\u5c6c\u570b\u5bb6\u653f\u5e9c\u7684\uff0c\u6bcf\u500b\u570b\u5bb6\u898f\u5b9a\u7684\u9810\u6263\u7a05\u7387\u4e0d\u540c\uff0c\u53f0\u7063\u70ba21%(2021\u5e74\u8cc7\u6599)\u3002<\/p>\n<p>\u77ed\u7dda\u4e0a\u5982\u679c\u9700\u8981\u983b\u7e41\u4ea4\u6613\uff0c\u9078\u64c7ADR\u8f03\u6709\u5229\uff0c\u56e0\u70ba\u7f8e\u80a1\u5238\u5546\u624b\u7e8c\u8cbb\u548c\u7a05\u90fd\u6bd4\u8f03\u4fbf\u5b9c\u3002<br \/>\n\u4f46\u662f\u5982\u679c\u4ee5\u5c0f\u8cc7\u65cf\u4f86\u8aaa\uff0c\u60f3\u9577\u671f\u6301\u6709\u53f0\u7a4d\u96fb\u7684\u8a71\uff0c\u8cb7\u53f0\u80a12330\u5373\u53ef\uff0c\u8ddfADR\u6bd4\u53ef\u4ee5\u7701\u4e0b\u9810\u6263\u7a05\u3002<\/p>\n<p>\u8a73\u7d30\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/adr-tax-for-tw-people\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8cb7\u53f0\u80a12330\u8ddfADR\u5728\u7a05\u52d9\u4e0a\u54ea\u500b\u6bd4\u8f03\u5212\u7b97\uff1f<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9AADR%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1aADR\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><span style=\"font-size: 16px;\">\u53f0\u7063 ADR \u5c31\u662f\u53f0\u7063\u516c\u53f8\u5728\u7f8e\u570b\u4e0a\u5e02\u7684\u80a1\u7968\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u00a0ADR \u8207\u539f\u59cb\u6295\u8cc7\u6a19\u7684\u662f\u4e00\u6a23\u7684\uff0c\u8a31\u591a\u6295\u8cc7\u4eba\u6703\u89c0\u5bdf ADR \u7f8e\u80a1\u958b\u76e4\u72c0\u6cc1\uff0c\u4f86\u63a8\u6572\u53f0\u80a1\u958b\u76e4\u8d70\u52e2\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8cfc\u8cb7 ADR \uff0c\u7f8e\u570b\u4e0d\u6703\u626330%\u7684\u7a05\u6b3e\uff1b\u4f46\u53f0\u7063\u80a1\u5229\u898f\u5b9a\uff0c\u6703\u8ab220%\u7684\u7a05\uff0c\u56e0\u6b64\u80a1\u5229\u532f\u56de\u53f0\u7063\u5c31\u5fc5\u9808\u626320%\u7a05\u8cbb\u3002<\/span><\/li>\n<\/ol>\n<blockquote><p>\u672c\u6587\u63d0\u5230\u6240\u6709\u6295\u8cc7\u6a19\u7684\u7686\u70ba\u6559\u5b78\u6848\u4f8b\u4f7f\u7528\uff0c\u4e0d\u4ee3\u8868\u4efb\u4f55\u5f62\u5f0f\u6295\u8cc7\u5efa\u8b70\uff0c\u6295\u8cc7\u4e4b\u524d\u52d9\u5fc5\u81ea\u884c\u7814\u7a76\u5224\u65b7\u3002<\/p><\/blockquote>\n\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"283\" \/>\n<col width=\"184\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6295\u8cc7\u80a1\u7968\u5e02\u5834\u7684\u4f60\uff0c\u77e5\u9053\u9019\u4e9b\u82f1\u6587\u4ee3\u8868\u7684\u610f\u601d\u55ce\uff1f&quot;}\"><img decoding=\"async\" class=\"alignnone wp-image-17387\" src=/index.html"https:\/\/\/wp-content\/uploads\/20201126164330_86.png\" alt=\"\" width=\"150\" height=\"79\" \/><br \/>\n<span style=\"color: #800080;\"><strong><span style=\"font-size: 20px;\">\u6295\u8cc7\u80a1\u7968\u5e02\u5834\u7684\u4f60\uff0c\u77e5\u9053\u9019\u4e9b\u82f1\u6587\u4ee3\u8868\u7684\u610f\u601d\u55ce\uff1f<\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;IPO&quot;}\"><span style=\"font-size: 20px;\"><a href=/index.html"https:\/\/\/what-is-ipo\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">IPO<\/a><\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;DR&quot;}\"><span style=\"font-size: 20px;\"><a href=/index.html"https:\/\/\/5-5\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">DR<\/a><\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;ADR&quot;}\"><span style=\"font-size: 20px;\"><a href=/index.html"https:\/\/\/what-is-adr-and-how-to-buy\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">ADR<\/a><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;KY&quot;}\"><span style=\"font-size: 20px;\"><a href=/index.html"https:\/\/\/f5\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">KY<\/a><\/span><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"3\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u4ee5\u4e0a\u6559\u5b78\u5167\u5bb9\u7686\u70baMr.Market\u5e02\u5834\u5148\u751f\u7248\u6b0a\u6240\u6709&quot;}\">\u4ee5\u4e0a\u6559\u5b78\u5167\u5bb9\u7686\u70baMr.Market\u5e02\u5834\u5148\u751f\u7248\u6b0a\u6240\u6709<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u984d\u5916\u5206\u4eab\u5e7e\u7bc7\u6587\u7ae0\uff1a<\/p>\n<p>1. <a href=/index.html"https:\/\/\/us-stock-invest-all\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\u65b0\u624b\u6295\u8cc7\u61f6\u4eba\u5305<\/a><\/p>\n<p>2. <a href=/index.html"https:\/\/\/blog-page_30\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6211\u7684\u6295\u8cc7\u66f8\u55ae\uff1a\u8d85\u904e40\u672c\u7406\u8ca1\u597d\u66f8<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/etf-class-yotta\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5b78\u6703ETF\u6295\u8cc7\u8207\u5168\u7403\u8cc7\u7522\u914d\u7f6e<\/a><\/p>\n<p>4.\u00a0<a href=/index.html"https:\/\/\/jisun-account-588\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u80a1\u7968\u958b\u6236\u300b\u6700\u65b0\u958b\u6236\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p>5.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u6700\u4f4e\u624b\u7e8c\u8cbb\u7684\u57fa\u91d1\u958b\u6236\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" 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