American Depositary Receipts (ADRs)

American Depositary Receipts (ADRs) reflect the sentiment of U.S. investors toward the underlying assets, making them a crucial reference point for investment decisions. Analyzing the trends of Hong Kong ADRs allows investors to gauge the potential performance of corresponding stocks in the Hong Kong market on the following trading day.

ADR Proportional HSI Index
Calculated based on HSI constituents' ADR and HK stocks last close price
26,182.65
(0.38%)

Top Gainer

(0914)ANHUI CONCH AD
(4.61%)

Top Loser

(0017)NEW WORLD DEV
(6.52%)
Last updated: 2025-10-31 08:30

IT and Technology

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0700)TENCENT HLD AD 83.47 0.98% 648.79 0.34% 7.505 20111(Call) 55699(Bull)
(0992)LENOVO GP ADR 29.65 1.36% 11.52 0.03% 0.036 19190(Call)
(1810)XIAOMI CORPO D 28.23 3.32% 43.88 0.62% 7.861 29450(Call) 59301(Bull)
(2018)AAC TECHNOLO D 5.06 3.06% 39.33 1.58% N/A 20169(Call)
(2382)SUNNY OPT TEC 97.61 5.59% 75.87 1.40% 1.218 19722(Call) 57159(Bull)
(3690)MEITUAN ADR 26.17 0.38% 101.71 0.68% 6.001 20563(Call) 53951(Bull)
(9618)JD.COM INC ADR 33.38 2.91% 129.71 0.91% 3.280 19670(Call) 50805(Bull)
(9626)BILIBILI INC 30.39 5.12% 236.21 0.09% N/A 21361(Call)
(9888)BAIDU INC ADS 121.81 4.54% 118.35 1.87% 4.512 21299(Call) 58769(Bull)
(9961)TRIP.COM GRP L 70.55 2.65% 548.37 0.30% 0.703 19801(Call)
(9988)ALIBABA GRP AD 173.93 3.36% 168.99 1.81% 47.085 20680(Call) 58296(Bull)
(9999)NETEASE INC AD 139.07 4.08% 216.19 1.73% 8.283 17536(Call) 68061(Bull)

Finance

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0005)HSBC HOLDING A 70.37 0.17% 109.39 1.29% 28.484 18715(Call) 57842(Bull)
(0011)HANG SENG BK O 19.47 0.40% 151.30 0.27% 0.476
(0023)BANK OF EAST A 1.780 1.71% 13.84 3.48% N/A
(0388)HONG KONG EX A 55.51 1.07% 431.46 0.22% 1.769 19849(Call) 69681(Bull)
(2388)BOC HONG KONG 97.92 2.41% 38.06 0.32% 0.711 19590(Call)

China Bank

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0939)CHINA CON BK A 20.25 0.15% 7.870 0.13% 1.680 20307(Call)
(1288)AGR BK OF CHIN 19.40 1.57% 6.032 0.19% N/A
(1398)INDS&COM BK AD 15.52 0.29% 6.030 0.34% 2.629 18357(Call)
(3968)CHINA MRCHNT A 30.78 4.14% 47.85 1.46% 4.349 14456(Call)
(3988)BK OF CHINA AD 14.19 0.07% 4.412 0.86% 4.264 21311(Call)

China Insurance

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(1299)AIA GROUP ADR 37.58 3.99% 73.02 0.24% 2.925 17948(Call)
(2318)PING AN INS 14.65 1.01% 56.94 0.29% 1.737 18142(Call) 59325(Bull)
(2328)PICC PROP CS A 66.50 3.10% 20.68 9.05% N/A

Motor

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(1211)BYD COMPANY LT 12.95 4.14% 100.66 3.40% 20.555 20495(Call) 55172(Bull)
(2015)LI AUTO INC AD 20.49 2.34% 79.63 1.14% 2.008 20559(Call)
(2333)GREAT WAL MR A 20.05 0.93% 15.58 0.25% N/A 29908(Call)
(9866)NIO INC 7.01 1.82% 54.49 1.20% N/A 19669(Call)
(9868)XPENG INC ADR 22.95 0.99% 89.19 0.90% N/A 18912(Call) 65614(Bull)

Airway

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0293)CATHAY PAC AIR 7.13 0.53% 11.08 0.68% N/A

Gambling

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0027)GALAXY ENTMT G 24.73 3.59% 38.44 0.66% 0.887 28809(Call)
(1928)SANDS CHINA AD 26.34 2.12% 20.47 0.23% 0.179 18507(Call)

Medical

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(1093)CSPC PHRMCTCLS 3.78 4.30% 7.345 1.67% 1.580 17233(Call)
(1099)SINPHRM GRP AD 12.50 0.62% 19.42 0.39% 0.164 19728(Call)
(2269)WUXI BIOLGCS A 9.37 1.52% 36.42 0.45% 0.947 21297(Call)

Retail

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(2020)ANTA SPORTS DR 261.75 5.70% 81.38 0.39% 0.709 20384(Call)
(2331)LI NING COMP A 53.21 0.17% 16.54 0.28% 0.170

Telecom and Related

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0008)PCCW LTD ADR 7.02 1.01% 5.456 1.69% N/A

HK Property

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0004)WHARF HLDGS AD 5.015 5.02% 19.49 5.20% N/A
(0012)HENDERSON LAND 3.47 3.61% 26.97 1.85% 1.168
(0016)SUN HUNG KAI P 12.17 2.01% 94.59 0.01% 0.013
(0017)NEW WORLD DEV 0.430 6.52% 6.685 10.03% N/A
(0083)SINO LAND CO 6.255 1.57% 9.724 0.24% N/A

Conglomerate

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0001)CK HUTCSON HLD 6.54 2.82% 50.83 1.20% 2.582
(0019)SWIRE PAC LTD 8.16 2.51% 63.43 0.90% N/A

Utilities

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0002)CLP HOLDINGS L 8.49 0.12% 65.99 0.17% 0.348
(0003)HONG KONG&CHIN 0.900 3.75% 6.995 3.51% 4.522
(0006)POWER ASSETS A 6.365 0.23% 49.47 0.62% 0.664

Construction, Cement and Railway

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0914)ANHUI CONCH AD 15.89 4.61% 24.70 3.88% N/A

Coal

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(1088)CHINA SHENHUA 22.48 0.09% 43.68 4.65% 9.786

Food

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(2319)CHINA MENGN AD 18.23 1.51% 14.17 0.35% 0.251

Export

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0303)VTECH HOLDNG A 8.14 0.92% 63.27 2.51% N/A
(0669)TECHTRONIC IND 60.47 5.69% 94.00 0.52% 1.143

Other

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0142)FIRST PAC CO L 4.22 0.39% 6.560 1.39% N/A
(2057)ZTO EXPRESS 18.74 1.73% 145.66 2.00% 2.001
(2518)AUTOHOME INC A 25.14 1.33% 48.85 2.30% N/A
(9698)GDS HOLDINGS L 35.53 5.71% 34.52 4.64% N/A 14364(Call)
(9896)MINISO GROUP D 21.36 0.65% 41.51 1.41% N/A
(9898)WEIBO CORP ADR 10.94 1.97% 85.03 1.98% N/A
(9901)NEW ORIENT EDU 60.06 3.91% 46.68 2.11% 1.163
Last updated: 2025-10-31 08:30

What are ADRs?

American Depositary Receipts (ADRs) are financial instruments issued in the United States, representing shares of non-U.S. companies, such as those listed in Hong Kong or mainland China, to facilitate trading for U.S. investors. The process involves a U.S. institution, typically a major bank, acquiring a substantial number of shares in a foreign-listed company and issuing ADRs that represent these shares. These ADRs are then traded on U.S. exchanges like ordinary stocks. It is important to note that investors purchasing ADRs hold the receipts, not the actual shares. While ADR holders do not have voting rights in the underlying company, they are entitled to receive dividends.

What are Hong Kong ADRs?

Hong Kong ADRs refer to ADRs issued for stocks originally listed on the Hong Kong Stock Exchange and subsequently made available for trading in the U.S. market. For example, in the case of Tencent (HKEX: 0700), foreign investors interested in Tencent can either purchase its shares directly on the Hong Kong market or acquire Tencent’s ADRs (TCEHY) on a U.S. exchange.