Research On The Protection Of Investors' Rights And Interests In China Depositary Receipt

China Depositary Receipt(CDR)is an innovative financial product introduced into China in 2018,which belongs to securities.In recent years,with the acceleration of China's opening up process,we have not only put forward the open strategic measures such as "one belt and one road",but also gradually accepted the return of investors from all over the world and the red chip companies along with the opening up process.China's depository receipt system is a product of the trend of opening up to the outside world in today's China.However,as the system is still in its infancy,like a child in infancy,there are many deficiencies in all aspects,especially in the protection of investors.In order to protect the interests of investors and maintain the normal order of the securities market,China should improve the relevant laws and regulations,and make more detailed provisions on the protection of the rights and interests of depository receipts investors.In addition to the introduction,this paper is divided into four parts:The first part is an overview of the depository receipt.This part introduces the depository receipt from two aspects: the concept of depository receipt and the legal relationship between the main bodies of depository receipt.The second part is the current situation and shortcomings of the protection of investors' rights and interests in China's depository receipts.This part first combs the current situation of the legal provisions on the protection of depository receipts investors in China,in order to enable readers to fully understand the existing laws and regulations on the protection of depository receipts investors legislative system.After that,it specifically analyses the shortcomings of the existing legal provisions on the protection of depository receipts investors,mainly focusing on the cross-border conversion mode of depository receipts,information disclosure,civil relief and the protection of investors' property rights and voting rights.The third part is the investigation and reference of American depository receipt investors' rights and interests protection.This part investigates how to solve the problems of cross-border conversion mode,information disclosure,the protection of investors' property rights and voting rights,and civil remedies in American depository receipts,and combines the existing laws and regulations of our country and the current situation of capital market,puts forward some references for the protection of investors' rights and interests in Chinese depository receipts.The fourth part is the thinking and suggestions on improving the protection of the investors' rights and interests of depository receipts in China.In view of the four shortcomings of the protection of the investor's rights and interests of depository receipts in China proposed in the second part,this part puts forward some thoughts and suggestions on improving the relevant legal system.Make up for the deficiencies in the relevant laws and regulations to protect the rights and interests of investors.