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
25,678.29
(0.58%)

Top Gainer

(0267)CITIC LIMITE A
(5.73%)

Top Loser

(0023)BANK OF EAST A
(3.74%)
Last updated: 2025-12-12 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 77.66 0.43% 604.56 0.51% 10.353 16480(Call) 63968(Bull)
(0992)LENOVO GP ADR 24.50 2.86% 9.536 0.81% 0.906 16783(Call)
(1810)XIAOMI CORPO D 27.25 0.93% 42.43 0.58% 7.196 23262(Call) 68956(Bull)
(2018)AAC TECHNOLO D 4.84 1.83% 37.68 0.01% N/A 20169(Call)
(2382)SUNNY OPT TEC 84.31 2.98% 65.63 1.67% 1.282 23306(Call)
(3690)MEITUAN ADR 26.22 1.63% 102.06 0.55% 4.908 20563(Call) 53951(Bull)
(9618)JD.COM INC ADR 29.56 0.15% 115.04 0.65% 2.079 22663(Call) 69168(Bull)
(9626)BILIBILI INC 24.92 1.66% 193.99 0.05% N/A 21361(Call)
(9698)GDS HOLDINGS L 36.15 0.22% 35.18 2.50% N/A 14364(Call)
(9888)BAIDU INC ADS 128.31 1.78% 124.86 0.85% 2.093 21299(Call) 68603(Bull)
(9961)TRIP.COM GRP L 70.13 0.99% 545.94 0.82% 1.717 17508(Call)
(9988)ALIBABA GRP AD 156.90 1.21% 152.68 1.38% 27.613 22666(Call) 55975(Bull)
(9999)NETEASE INC AD 136.23 0.12% 212.10 1.19% 5.699 19666(Call) 65613(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 75.24 1.57% 117.14 2.76% 59.151 18715(Call) 63175(Bull)
(0011)HANG SENG BK O 19.13 2.65% 148.92 2.67% 4.900
(0023)BANK OF EAST A 1.800 3.74% 14.01 6.40% N/A
(0388)HONG KONG EX A 51.84 0.04% 403.56 0.69% 5.326 23344(Call) 54891(Bull)
(2388)BOC HONG KONG 97.17 0.52% 37.82 0.75% 1.669 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 19.56 0.41% 7.613 0.44% 5.148 14414(Call)
(1288)AGR BK OF CHIN 18.42 0.66% 5.736 0.28% N/A
(1398)INDS&COM BK AD 15.70 0.58% 6.111 0.02% 0.132 22193(Call)
(3968)CHINA MRCHNT A 32.96 1.67% 51.32 0.42% 1.354 14456(Call)
(3988)BK OF CHINA AD 14.10 0.21% 4.391 0.01% 0.066 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 40.13 0.05% 78.10 1.03% 13.451 23757(Call)
(2318)PING AN INS 15.88 0.13% 61.81 0.51% 3.327 21072(Call) 56487(Bull)
(2328)PICC PROP CS A 54.73 1.46% 17.04 1.80% 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 12.57 0.08% 97.85 0.52% 2.973 22102(Call) 64326(Bull)
(2015)LI AUTO INC AD 17.01 1.16% 66.21 0.85% 1.239 22098(Call)
(9866)NIO INC 5.13 1.99% 39.94 1.82% N/A 19669(Call)
(9868)XPENG INC ADR 19.19 2.34% 74.69 0.06% N/A 18912(Call) 56512(Bull)

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 25.06 1.38% 39.02 0.61% 0.749 22019(Call)
(1928)SANDS CHINA AD 26.32 2.47% 20.49 0.83% 0.660 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 3.91 0.51% 7.610 1.05% 1.042 17233(Call) 53092(Bull)
(1099)SINPHRM GRP AD 12.97 1.33% 20.19 0.27% 0.115 19728(Call)
(2269)WUXI BIOLGCS A 8.35 2.96% 32.50 2.92% 5.747 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 260.70 0.86% 81.18 0.97% 1.756 22349(Call)
(2331)LI NING COMP A 55.54 0.70% 17.29 0.26% 0.165

HK Property

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0012)HENDERSON LAND 3.71 2.49% 28.88 1.02% 0.706
(0016)SUN HUNG KAI P 12.43 0.56% 96.76 0.95% 2.118
(0083)SINO LAND CO 6.775 1.24% 10.55 1.23% N/A
(0101)HANG LUNG PPTY 5.77 - 8.984 0.38% 0.096

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 6.949 0.13% 54.10 0.09% 0.198
(0019)SWIRE PAC LTD 8.30 0.48% 64.61 0.17% N/A
(0267)CITIC LIMITE A 7.645 5.73% 11.90 1.22% 1.372

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 8.83 1.26% 68.74 1.31% 2.877
(0003)HONG KONG&CHIN 0.878 1.96% 6.831 3.38% 4.314
(0006)POWER ASSETS A 6.63 0.30% 51.61 0.74% 0.856

China Property

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0688)CHINA OVERS AD 8.08 0.86% 12.58 0.08% 0.061

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 14.59 1.49% 22.72 0.25% 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 20.03 0.07% 38.98 0.25% 0.502 22157(Call)

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 18.38 0.92% 14.31 0.48% 0.343

Export

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0669)TECHTRONIC IND 59.74 1.07% 93.01 1.04% 2.267

Other

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0087)SWIRE PAC B 7.44 1.64% 11.58 0.03% N/A
(0142)FIRST PAC CO L 3.85 0.77% 5.994 4.98% N/A
(2057)ZTO EXPRESS 21.03 0.77% 163.71 0.56% 0.644
(2518)AUTOHOME INC A 23.86 0.91% 46.44 0.01% N/A
(9896)MINISO GROUP D 19.56 0.71% 38.07 2.06% N/A
(9898)WEIBO CORP ADR 10.20 0.29% 79.40 0.64% N/A
(9901)NEW ORIENT EDU 52.78 1.66% 41.09 1.84% 0.942
Last updated: 2025-12-12 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.