Citi Depositary Receipt Services Year End 2016 Report

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1 Data as of December 31, 2016.
2DR trading volume has been unadjusted for certain corporate actions
including stock splits, stock dividends and rights offerings.
DR ACCESS PRODUCTS
ABOUT CITI DEPOSITARY
RECEIPT SERVICES
INTERNATIONAL
INVESTING TRENDS
REGIONAL TRENDS
GLOBAL DR TRENDS
Top 5 Most Liquid DR Programs1,2
Source: Bloomberg.
DR Trading Volume1,2
44.9
AUSTRALIA
CHINA
INDIA
TAIWAN
SOUTH KOREA
OTHER
HONG KONG
JAPAN
54%
14 %
10%
9%
6% 4% 2% 1 %
Total DR Trading Volume: 36.8B
Issuer Country Exchange
2016 Volume
(DR Millions)
Alibaba Group Holding Ltd China NYSE 3,730.9
Inc China NASDAQ 3,141.8
ICICI Bank Ltd India NYSE 2,771.9
Vipshop Holdings Ltd China NYSE 1,982.9
Taiwan Semiconductor Manufacturing Co Ltd Taiwan NYSE 1,787.7
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Citi Depositary Receipt Services Year-End 2016 Report