With rapid development in recent yea rs brought by the financial globaliz ation,the ADR Plan(American Depository Receipt Plan)is becoming an important internatio nal capital raising and investment i nstrument.The ar-ticle explains why the listed compan ies use the ADR -Plan to facilitate th e accession to the US capital market,and why the ADR -Plan seems so attractive to many investors.Beginning with th e concept of CDR(Chinese Depository Receipt ),the author analyzes the positive me aning of issuing the CDR under mature circumstances and comes up with an applicable procedure on the b asis of elaboration on the related parties and their respective function s.