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
26,724.43
(0.74%)

Top Gainer

(0017)NEW WORLD DEV
(7.17%)

Top Loser

(0363)SHANGHAI IND H
(22.55%)
Last updated: 2026-01-20 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 78.60 1.97% 612.94 1.46% 30.874 23260(Call) 66419(Bull)
(0992)LENOVO GP ADR 22.64 2.52% 8.828 2.13% 2.298 23886(Call)
(1810)XIAOMI CORPO D 23.59 3.48% 36.79 2.82% 31.373 24537(Call) 57607(Bull)
(2018)AAC TECHNOLO D 5.042 0.95% 39.32 1.07% N/A 23890(Call)
(2382)SUNNY OPT TEC 84.17 0.28% 65.64 0.78% 0.584 23306(Call)
(3690)MEITUAN ADR 25.36 2.08% 98.88 1.90% 17.018 24450(Call) 55436(Bull)
(9618)JD.COM INC ADR 28.91 1.77% 112.72 2.06% 6.729 23900(Call) 69168(Bull)
(9626)BILIBILI INC 32.48 1.93% 253.28 0.83% N/A 21361(Call)
(9698)GDS HOLDINGS L 40.66 6.31% 39.63 7.40% N/A 14364(Call)
(9888)BAIDU INC ADS 149.53 0.09% 145.76 0.30% 0.880 20777(Call) 64957(Bull)
(9961)TRIP.COM GRP L 61.77 0.77% 481.69 4.72% 8.380 17508(Call)
(9988)ALIBABA GRP AD 165.40 3.23% 161.23 2.05% 45.126 20496(Call) 69865(Bull)
(9999)NETEASE INC AD 137.87 1.31% 215.03 0.76% 3.736 19666(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 82.53 0.36% 128.72 0.40% 9.789 22551(Call) 63175(Bull)
(0011)HANG SENG BK O 19.53 0.46% 152.30 1.30% N/A
(0023)BANK OF EAST A 1.710 - 13.33 2.31% N/A
(0388)HONG KONG EX A 55.73 1.61% 434.59 0.91% 7.774 23345(Call) 62848(Bull)
(2388)BOC HONG KONG 102.90 1.17% 40.12 0.69% 1.651 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 19.98 0.99% 7.790 0.76% 9.242 22071(Call)
(1288)AGR BK OF CHIN 17.71 1.17% 5.524 1.35% N/A 23960(Call)
(1398)INDS&COM BK AD 16.16 0.31% 6.301 0.62% 5.193 22193(Call)
(3968)CHINA MRCHNT A 30.34 1.69% 47.32 1.50% 4.523 23943(Call)
(3988)BK OF CHINA AD 14.33 1.15% 4.470 1.11% 5.728 23562(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 42.62 2.72% 83.09 2.08% 29.773 23757(Call)
(2318)PING AN INS 17.46 2.57% 68.08 2.12% 15.897 21849(Call) 56965(Bull)
(2328)PICC PROP CS A 51.52 1.97% 16.07 1.58% 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 12.70 1.09% 99.04 0.06% 0.374 22102(Call) 55172(Bull)
(2015)LI AUTO INC AD 16.19 1.22% 63.13 1.75% 2.543 22098(Call)
(2333)GREAT WAL MR A 17.26 6.35% 13.46 4.77% N/A 29908(Call)
(9866)NIO INC 4.71 1.51% 36.73 1.80% N/A 19669(Call)
(9868)XPENG INC ADR 20.65 1.10% 80.52 0.54% N/A 23232(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 25.68 1.73% 40.05 1.55% 2.009 22019(Call)
(1928)SANDS CHINA AD 23.62 2.76% 18.42 2.70% 2.034 17078(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 4.95 1.20% 9.650 1.53% 1.934 21142(Call) 64927(Bull)
(1099)SINPHRM GRP AD 13.10 0.30% 20.43 0.04% 0.018 19728(Call)
(2269)WUXI BIOLGCS A 10.18 1.60% 39.69 0.82% 1.937 23938(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 261.50 0.43% 81.57 0.22% 0.411 22349(Call)
(2331)LI NING COMP A 65.49 4.65% 20.43 4.49% 3.265

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 5.60 5.25% 21.83 8.26% N/A
(0012)HENDERSON LAND 3.96 1.00% 30.88 2.52% 1.902
(0016)SUN HUNG KAI P 14.39 0.32% 112.18 0.98% 2.523
(0017)NEW WORLD DEV 0.524 7.17% 8.176 9.56% N/A
(0083)SINO LAND CO 7.40 0.02% 11.54 0.62% N/A
(0101)HANG LUNG PPTY 5.93 0.59% 9.249 0.87% 0.235

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 7.69 1.41% 59.97 0.87% 2.229
(0019)SWIRE PAC LTD 9.20 0.59% 71.74 0.91% N/A
(0363)SHANGHAI IND H 17.10 22.55% 13.33 9.35% 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 9.29 0.87% 72.45 0.08% 0.179
(0003)HONG KONG&CHIN 0.907 4.25% 7.070 1.67% 2.160
(0006)POWER ASSETS A 7.186 1.43% 56.03 0.42% 0.519

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 8.34 2.29% 13.01 1.83% 1.479

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 14.53 2.02% 22.66 2.07% 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 20.78 1.98% 40.51 1.77% 3.757 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 19.75 0.05% 15.40 0.27% 0.210

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 8.13 1.93% 63.40 2.59% N/A
(0669)TECHTRONIC IND 65.20 2.65% 101.69 3.24% 7.495

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 7.86 4.80% 12.26 0.98% N/A
(0142)FIRST PAC CO L 3.87 2.76% 6.036 0.73% N/A
(2057)ZTO EXPRESS 22.32 0.98% 174.06 0.37% 0.457
(2518)AUTOHOME INC A 23.09 0.65% 45.01 2.06% N/A
(9896)MINISO GROUP D 19.29 1.78% 37.61 2.57% N/A
(9898)WEIBO CORP ADR 10.75 2.36% 83.83 2.86% N/A
(9901)NEW ORIENT EDU 55.19 0.97% 43.04 2.27% 1.225
Last updated: 2026-01-20 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.