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
26,779.05
(0.56%)

Top Gainer

(0168)TSINGTAO BREWR
(11.65%)

Top Loser

(0023)BANK OF EAST A
(11.18%)
Last updated: 2026-01-23 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 76.31 0.82% 595.09 0.40% 8.212 23260(Call) 63968(Bull)
(0992)LENOVO GP ADR 22.31 0.04% 8.699 0.68% 0.709 23886(Call)
(1810)XIAOMI CORPO D 22.84 0.88% 35.62 1.09% 11.219 24537(Call) 59961(Bull)
(2018)AAC TECHNOLO D 4.914 3.45% 38.32 0.26% N/A 23890(Call)
(2382)SUNNY OPT TEC 80.26 0.14% 62.59 1.98% 1.420 23306(Call)
(3690)MEITUAN ADR 24.78 0.16% 96.62 0.39% 3.361 24450(Call) 55436(Bull)
(9618)JD.COM INC ADR 30.02 3.21% 117.03 2.75% 8.863 23900(Call) 69168(Bull)
(9626)BILIBILI INC 33.43 4.53% 260.70 1.44% N/A 24889(Call)
(9698)GDS HOLDINGS L 42.13 3.08% 41.07 2.31% N/A 14364(Call)
(9888)BAIDU INC ADS 162.52 0.15% 158.42 0.99% 3.151 23758(Call) 56549(Bull)
(9961)TRIP.COM GRP L 62.10 - 484.27 0.56% 1.035 17508(Call)
(9988)ALIBABA GRP AD 177.18 5.04% 172.71 4.80% 105.871 23005(Call) 54642(Bull)
(9999)NETEASE INC AD 132.80 1.00% 207.12 0.90% 4.305 24170(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 83.75 0.70% 130.62 0.71% 17.445 22551(Call) 63175(Bull)
(0011)HANG SENG BK O 19.53 0.86% 152.30 1.30% N/A
(0023)BANK OF EAST A 1.510 11.18% 11.78 14.48% N/A
(0388)HONG KONG EX A 54.82 0.33% 427.50 0.26% 2.142 23345(Call) 62848(Bull)
(2388)BOC HONG KONG 100.68 1.52% 39.26 0.56% 1.286 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 19.58 0.41% 7.635 0.32% 3.804 23620(Call)
(1288)AGR BK OF CHIN 17.18 0.17% 5.359 0.02% N/A 23960(Call)
(1398)INDS&COM BK AD 15.80 0.38% 6.161 0.15% 1.242 23561(Call)
(3968)CHINA MRCHNT A 29.72 1.46% 46.35 0.12% 0.333 23943(Call)
(3988)BK OF CHINA AD 14.32 - 4.467 0.07% 0.358 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 42.66 0.05% 83.17 0.81% 11.313 23757(Call)
(2318)PING AN INS 17.21 2.33% 67.10 0.30% 2.205 22911(Call) 56965(Bull)
(2328)PICC PROP CS A 50.94 2.70% 15.89 0.95% 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 12.83 0.63% 100.05 0.30% 1.791 22102(Call) 62438(Bull)
(2015)LI AUTO INC AD 16.69 3.54% 65.08 0.72% 1.057 24811(Call)
(2333)GREAT WAL MR A 17.83 6.47% 13.90 2.01% N/A 29908(Call)
(9866)NIO INC 4.77 2.14% 37.20 0.43% N/A 19669(Call)
(9868)XPENG INC ADR 19.93 2.02% 77.71 0.99% N/A 23232(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 8.06 4.67% 12.57 0.31% 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 26.61 2.15% 41.50 0.64% 0.831 22019(Call)
(1928)SANDS CHINA AD 23.99 1.31% 18.71 0.26% 0.185 18507(Call)

Medical

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(1099)SINPHRM GRP AD 13.21 0.38% 20.60 0.01% 0.007 19728(Call)
(2269)WUXI BIOLGCS A 10.05 1.51% 39.19 0.58% 1.347 24888(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 250.56 1.88% 78.16 0.85% 1.492 22349(Call)
(2331)LI NING COMP A 69.22 3.30% 21.59 1.37% 1.095

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 6.30 11.50% 24.56 1.58% N/A
(0012)HENDERSON LAND 3.91 0.03% 30.49 0.55% 0.395
(0016)SUN HUNG KAI P 14.78 4.16% 115.26 0.93% 2.469
(0017)NEW WORLD DEV 0.572 1.75% 8.917 6.83% N/A
(0083)SINO LAND CO 7.30 5.81% 11.39 0.82% N/A
(0101)HANG LUNG PPTY 5.99 0.91% 9.342 0.61% 0.163

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 7.96 1.40% 62.07 0.20% 0.535
(0019)SWIRE PAC LTD 9.50 0.74% 74.08 0.18% N/A
(0267)CITIC LIMITE A 7.75 2.24% 12.09 0.98% 1.097

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 9.51 1.06% 74.16 0.35% 0.849
(0003)HONG KONG&CHIN 0.850 3.06% 6.629 9.20% 12.002
(0006)POWER ASSETS A 7.482 1.51% 58.34 1.36% 1.817

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 9.08 5.46% 14.16 4.67% 3.854

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 15.60 5.41% 24.33 0.21% 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 21.29 1.87% 41.51 0.31% 0.651 22157(Call)

Food

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0168)TSINGTAO BREWR 34.11 11.65% 53.20 6.19% N/A
(2319)CHINA MENGN AD 20.33 0.66% 15.85 0.41% 0.324

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 7.956 0.61% 62.04 3.49% N/A
(0669)TECHTRONIC IND 65.58 0.60% 102.28 0.57% 1.373

Other

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0014)HYSAN DEV CO L 5.48 11.38% 21.37 0.71% N/A
(0142)FIRST PAC CO L 4.00 2.83% 6.239 1.11% N/A
(0177)JIANGSU EXPWY 24.80 3.88% 9.670 0.21% N/A
(2057)ZTO EXPRESS 22.32 0.54% 174.06 1.14% 1.394
(2518)AUTOHOME INC A 23.01 0.44% 44.86 1.22% N/A
(9896)MINISO GROUP D 20.01 0.15% 39.01 0.44% N/A
(9898)WEIBO CORP ADR 10.89 0.28% 84.92 0.50% N/A
(9901)NEW ORIENT EDU 56.43 2.75% 44.01 1.91% 1.019
Last updated: 2026-01-23 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.