【摘要】 存托凭证自20世纪20年代在美国资本市场起源以来，近百年来一直起到了促进国际资本流动、拓宽企业融资渠道等积极作用，学界普遍认为存托凭证的引入将会为资本市场带来一系列积极影响，但时至今日，中国存托凭证对资本市场所起到的积极作用却不显著。探讨了当前中国存托凭证发展过程中出现的问题，并总结了原因，最后从审核制度、监管部门和开放政策的角度对促进存托凭证的完善与发展提出了相应的建议。更多还原

【Abstract】 Since the Depositary Receipts originated from US capital markets in the 1920 s, it has played a positive role in the pass century enhancing international capital flows, broaden corporate financing channels and so on. For constructing the Chinese Depositary Receipts(CDR) academic circles is generally accepted that the introduction of this concept will bring a series of positive influence for the capital market. However, based on current situation, Chinese Depositary Receipts(CDR) has not played a significantly positive role, yet. This paper discusses the existing problems during the development of Chinese depositary receipts, summarizing the reasons behind, and additionally forward corresponding suggestions to promote the execution and development of CDR from the perspective of audit system, regulatory administrations and governmental policies.更多还原