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
25,430.18
(1.57%)

Top Gainer

(0017)NEW WORLD DEV
(5.90%)

Top Loser

(0069)SHANGRI LA ASI
(12.34%)
Last updated: 2025-11-21 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 77.83 2.16% 605.92 2.43% 51.189 16480(Call) 66419(Bull)
(0992)LENOVO GP ADR 24.20 2.10% 9.420 3.09% 3.508 16783(Call)
(1810)XIAOMI CORPO D 23.76 4.12% 37.00 1.87% 20.140 22416(Call) 65246(Bull)
(2018)AAC TECHNOLO D 4.71 1.88% 36.67 3.45% N/A 20169(Call)
(2382)SUNNY OPT TEC 80.26 1.40% 62.48 2.44% 1.769 19722(Call) 57758(Bull)
(3690)MEITUAN ADR 24.68 1.36% 96.07 2.47% 20.976 20563(Call) 66956(Bull)
(9618)JD.COM INC ADR 28.37 1.72% 110.43 2.70% 8.448 21073(Call) 69168(Bull)
(9626)BILIBILI INC 24.16 4.54% 188.09 4.33% N/A 18172(Call)
(9698)GDS HOLDINGS L 30.29 1.81% 29.48 2.07% N/A 14364(Call)
(9888)BAIDU INC ADS 110.45 4.36% 107.48 5.63% 12.806 21299(Call) 55182(Bull)
(9961)TRIP.COM GRP L 69.81 3.64% 543.48 1.90% 4.512 19801(Call)
(9988)ALIBABA GRP AD 153.28 3.53% 149.16 3.64% 85.311 14584(Call) 56270(Bull)
(9999)NETEASE INC AD 134.07 0.52% 208.75 1.81% 8.370 17536(Call) 65612(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 67.56 2.29% 105.19 2.24% 49.230 18715(Call) 68290(Bull)
(0011)HANG SENG BK O 19.26 1.71% 149.94 1.09% 1.949
(0388)HONG KONG EX A 52.76 1.09% 410.75 1.64% 12.974 22103(Call) 54891(Bull)
(2388)BOC HONG KONG 98.01 0.01% 38.15 0.49% 1.094 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 20.94 0.43% 8.151 0.84% 11.717 20307(Call)
(1288)AGR BK OF CHIN 18.88 0.47% 5.879 0.69% N/A
(1398)INDS&COM BK AD 16.65 0.53% 6.482 0.73% 6.210 18357(Call)
(3968)CHINA MRCHNT A 32.98 0.53% 51.34 0.88% 2.802 14456(Call)
(3988)BK OF CHINA AD 15.12 1.14% 4.708 0.87% 4.629 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 39.82 0.80% 77.50 1.83% 24.221 17948(Call)
(2318)PING AN INS 14.67 1.41% 57.10 1.97% 12.093 21072(Call) 57855(Bull)
(2328)PICC PROP CS A 58.87 0.23% 18.33 0.37% 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 11.92 2.61% 92.80 2.52% 13.876 22076(Call) 67654(Bull)
(2015)LI AUTO INC AD 17.65 2.32% 68.70 1.92% 2.928 22098(Call)
(2333)GREAT WAL MR A 20.00 3.95% 15.57 3.25% N/A 29908(Call)
(9866)NIO INC 5.40 6.09% 42.04 6.87% N/A 21928(Call)
(9868)XPENG INC ADR 20.09 5.10% 78.20 4.46% N/A 18912(Call) 56512(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 7.40 2.89% 11.52 2.19% 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 25.28 0.47% 39.36 1.64% 2.252 28809(Call)
(1928)SANDS CHINA AD 25.58 2.03% 19.91 1.80% 1.397 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 3.86 1.45% 7.513 2.69% 2.636 17233(Call) 53092(Bull)
(1099)SINPHRM GRP AD 13.11 0.69% 20.41 0.91% 0.399 19728(Call)
(2269)WUXI BIOLGCS A 8.075 0.06% 31.43 2.38% 4.433 19671(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 262.48 0.31% 81.74 1.70% 3.114 20384(Call)
(2331)LI NING COMP A 56.97 1.28% 17.74 1.00% 0.646

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 6.00 1.48% 23.36 0.87% N/A
(0012)HENDERSON LAND 3.74 0.54% 29.12 2.03% 1.364
(0016)SUN HUNG KAI P 12.68 0.63% 98.72 0.03% 0.077
(0017)NEW WORLD DEV 0.430 5.90% 6.691 10.55% N/A
(0083)SINO LAND CO 6.386 6.09% 9.943 1.26% N/A
(0101)HANG LUNG PPTY 5.70 0.87% 8.875 2.47% 0.638

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 6.76 0.44% 52.63 1.54% 3.457
(0019)SWIRE PAC LTD 8.76 1.04% 68.20 0.80% N/A
(0363)SHANGHAI IND H 20.30 3.61% 15.80 0.53% N/A
(1038)CK INFRASTRUCT 34.50 6.98% 53.72 0.34% 0.183

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 8.80 0.34% 68.51 0.13% 0.286
(0003)HONG KONG&CHIN 0.823 8.54% 6.408 11.74% 14.857
(0006)POWER ASSETS A 6.69 3.04% 52.08 0.94% 1.040

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 8.795 2.93% 13.69 0.19% 0.156

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 14.86 2.34% 23.14 1.04% N/A

Environmental and New Energy

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0968)XINYI SOLAR HL 8.65 6.49% 3.367 2.69% 0.694

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 20.65 1.99% 40.19 0.57% 1.156 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 18.66 1.35% 14.52 1.20% 0.870

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 7.81 0.99% 60.80 0.97% N/A
(0669)TECHTRONIC IND 55.59 3.37% 86.56 2.20% 4.484

Other

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0069)SHANGRI LA ASI 11.44 12.34% 4.453 2.56% N/A
(0142)FIRST PAC CO L 4.125 0.61% 6.423 1.47% N/A
(2057)ZTO EXPRESS 18.95 0.10% 147.53 1.19% 1.226
(2518)AUTOHOME INC A 23.21 1.86% 45.17 4.17% N/A
(9896)MINISO GROUP D 19.59 4.81% 38.13 5.30% N/A
(9898)WEIBO CORP ADR 9.54 2.35% 74.27 4.23% N/A
(9901)NEW ORIENT EDU 51.18 3.96% 39.84 2.82% 1.383
Last updated: 2025-11-21 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.