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
25,746.12
(0.89%)

Top Gainer

(0003)HONG KONG&CHIN
(11.85%)

Top Loser

(0023)BANK OF EAST A
(5.56%)
Last updated: 2025-12-15 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 77.81 0.19% 605.66 1.68% 34.979 16480(Call) 66419(Bull)
(0992)LENOVO GP ADR 24.50 - 9.535 1.70% 1.942 16783(Call)
(1810)XIAOMI CORPO D 27.20 0.18% 42.34 1.43% 17.957 23262(Call) 68956(Bull)
(2018)AAC TECHNOLO D 4.88 0.83% 37.98 2.65% N/A 20169(Call)
(2382)SUNNY OPT TEC 85.82 1.79% 66.80 0.96% 0.750 23306(Call)
(3690)MEITUAN ADR 25.94 1.07% 100.96 1.41% 12.712 20563(Call) 53951(Bull)
(9618)JD.COM INC ADR 29.44 0.39% 114.58 0.88% 2.872 22663(Call) 69168(Bull)
(9626)BILIBILI INC 24.60 1.28% 191.48 2.16% N/A 21361(Call)
(9698)GDS HOLDINGS L 36.26 0.30% 35.28 0.80% N/A 14364(Call)
(9888)BAIDU INC ADS 125.01 2.57% 121.63 3.47% 8.646 21299(Call) 68603(Bull)
(9961)TRIP.COM GRP L 70.80 0.95% 551.09 0.20% 0.423 17508(Call)
(9988)ALIBABA GRP AD 155.68 0.78% 151.47 1.71% 34.943 20496(Call) 55975(Bull)
(9999)NETEASE INC AD 139.18 2.17% 216.67 0.79% 3.951 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 74.99 0.33% 116.74 0.48% 10.502 21568(Call) 63175(Bull)
(0011)HANG SENG BK O 19.45 1.67% 151.39 1.05% 1.935
(0023)BANK OF EAST A 1.700 5.56% 13.23 0.51% N/A
(0388)HONG KONG EX A 50.90 1.81% 396.20 1.40% 10.798 23345(Call) 54891(Bull)
(2388)BOC HONG KONG 97.12 0.05% 37.80 0.63% 1.428 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 19.45 0.56% 7.570 0.92% 10.821 14414(Call)
(1288)AGR BK OF CHIN 17.64 4.24% 5.492 1.04% N/A 23545(Call)
(1398)INDS&COM BK AD 15.62 0.51% 6.079 0.99% 8.032 22193(Call)
(3968)CHINA MRCHNT A 32.56 1.21% 50.69 1.10% 3.503 14456(Call)
(3988)BK OF CHINA AD 14.04 0.43% 4.371 1.10% 5.543 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 40.10 0.07% 78.03 1.23% 16.255 23757(Call)
(2318)PING AN INS 16.13 1.57% 62.78 1.53% 10.434 21072(Call) 56487(Bull)
(2328)PICC PROP CS A 54.08 1.18% 16.84 0.66% 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 12.36 1.67% 96.21 2.33% 13.481 22102(Call) 64326(Bull)
(2015)LI AUTO INC AD 17.08 0.41% 66.47 1.59% 2.401 22098(Call)
(9866)NIO INC 5.03 1.95% 39.15 2.70% N/A 19669(Call)
(9868)XPENG INC ADR 18.99 1.04% 73.91 2.04% 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 7.50 0.40% 11.68 1.72% 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 24.71 1.40% 38.47 1.21% 1.481 22019(Call)
(1928)SANDS CHINA AD 26.25 0.27% 20.43 1.39% 1.117 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 3.855 1.41% 7.502 2.07% 2.041 17233(Call) 53092(Bull)
(1099)SINPHRM GRP AD 12.96 0.08% 20.18 0.91% 0.400 19728(Call)
(2269)WUXI BIOLGCS A 8.36 0.12% 32.54 2.82% 5.565 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 261.00 0.12% 81.26 0.66% 1.211 22349(Call)
(2331)LI NING COMP A 56.59 1.89% 17.62 0.34% 0.223

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 3.72 0.27% 28.96 1.71% 1.156
(0016)SUN HUNG KAI P 12.72 2.33% 99.01 0.24% 0.559
(0083)SINO LAND CO 6.80 0.37% 10.59 2.16% N/A
(0101)HANG LUNG PPTY 5.771 0.02% 8.984 1.92% 0.499

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 7.01 0.88% 54.56 1.51% 3.565
(0019)SWIRE PAC LTD 8.34 0.48% 64.92 1.19% 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 8.73 1.13% 67.95 0.23% 0.491
(0003)HONG KONG&CHIN 0.982 11.85% 7.640 6.40% 8.318
(0006)POWER ASSETS A 6.79 2.41% 52.85 0.65% 0.765

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 8.02 0.74% 12.49 1.92% 1.499

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 14.71 0.82% 22.90 1.04% 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 19.80 1.14% 38.53 0.75% 1.495 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 18.71 1.79% 14.56 0.46% 0.331

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 7.92 1.41% 61.65 2.15% N/A
(0669)TECHTRONIC IND 59.89 0.25% 93.23 0.87% 1.915

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 4.55 3.41% 17.71 5.91% N/A
(0142)FIRST PAC CO L 3.70 3.90% 5.760 0.86% N/A
(2057)ZTO EXPRESS 21.44 1.95% 166.88 1.77% 2.121
(2518)AUTOHOME INC A 24.25 1.64% 47.19 1.48% N/A
(9896)MINISO GROUP D 19.54 0.10% 38.02 0.77% N/A
(9898)WEIBO CORP ADR 10.24 0.39% 79.71 0.12% N/A
(9901)NEW ORIENT EDU 53.90 2.12% 41.95 0.15% 0.081
Last updated: 2025-12-15 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.