ADR即美国存托凭证，是由美国存托银行向美国的投资者发行的，代表非美国公司股票所有权的一种可流通证券。

ADR American Depositary Receipts, were issued by American Depositary Bank to American investors, which represent, a sort of circulative stocks owned by non American companies.

youdao

受托人可以拥有和买卖存托证券和美国预托股份。

The depositary may own and deal in deposited securities and in ADSs.

youdao

同时，这些股票在美国以存托凭证的形式在纽约证券交易所进行交易。

And also the shares are traded in the form of American Depositary Receipts in New York Stock Exchange.

youdao