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
25,961.11
(0.40%)

Top Gainer

(0303)VTECH HOLDNG A
(9.32%)

Top Loser

(0083)SINO LAND CO
(6.79%)
Last updated: 2025-12-01 07:05

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 79.04 0.11% 615.44 0.64% 13.369 16480(Call) 55171(Bull)
(0992)LENOVO GP ADR 24.97 0.28% 9.721 0.43% 0.486 16783(Call)
(1810)XIAOMI CORPO D 26.64 3.38% 41.49 1.14% 13.306 29450(Call) 66171(Bull)
(2018)AAC TECHNOLO D 4.53 0.66% 35.27 3.89% N/A 20169(Call)
(2382)SUNNY OPT TEC 79.97 1.20% 62.27 1.94% 1.355 19722(Call)
(3690)MEITUAN ADR 25.80 2.09% 100.44 2.00% 17.786 20563(Call) 56571(Bull)
(9618)JD.COM INC ADR 29.82 1.34% 116.10 0.35% 1.114 21073(Call) 69168(Bull)
(9626)BILIBILI INC 26.61 0.76% 207.20 0.39% N/A 18172(Call)
(9698)GDS HOLDINGS L 33.97 0.38% 33.06 0.65% N/A 14364(Call)
(9888)BAIDU INC ADS 116.89 0.47% 113.77 0.03% 0.062 29416(Call) 55182(Bull)
(9961)TRIP.COM GRP L 69.92 0.29% 544.43 1.76% 4.054 17508(Call)
(9988)ALIBABA GRP AD 157.30 0.19% 153.10 1.06% 24.225 14584(Call) 55975(Bull)
(9999)NETEASE INC AD 138.08 0.30% 215.03 0.48% 2.239 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 71.16 0.82% 110.82 1.39% 30.990 18715(Call) 57842(Bull)
(0011)HANG SENG BK O 19.51 0.03% 151.91 0.19% 0.342
(0388)HONG KONG EX A 53.28 0.34% 414.86 0.94% 7.309 22103(Call) 54891(Bull)
(2388)BOC HONG KONG 97.27 0.48% 37.87 1.09% 2.373 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 21.14 0.05% 8.230 0.74% 10.236 20307(Call)
(1288)AGR BK OF CHIN 18.72 0.21% 5.830 0.01% N/A
(1398)INDS&COM BK AD 16.58 0.36% 6.455 0.23% 1.936 18357(Call)
(3968)CHINA MRCHNT A 33.66 0.03% 52.42 0.23% 0.724 14456(Call)
(3988)BK OF CHINA AD 15.06 0.99% 4.691 0.23% 1.175 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 41.72 - 81.21 0.76% 10.232 18141(Call)
(2318)PING AN INS 14.64 0.41% 57.00 0.52% 3.123 21072(Call) 59325(Bull)

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 12.53 1.05% 97.56 0.07% 0.368 22076(Call) 64326(Bull)
(2015)LI AUTO INC AD 18.39 0.22% 71.60 0.49% 0.776 22098(Call)
(9866)NIO INC 5.50 0.73% 42.83 1.60% N/A 21928(Call)
(9868)XPENG INC ADR 21.83 3.26% 84.99 1.30% N/A 18912(Call) 65614(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 25.82 2.46% 40.21 0.08% 0.106 22019(Call)
(1928)SANDS CHINA AD 27.19 5.96% 21.17 0.14% 0.109 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 4.02 0.69% 7.825 1.07% 1.079 17233(Call) 53092(Bull)
(1099)SINPHRM GRP AD 12.82 2.14% 19.96 0.38% 0.156 19728(Call)
(2269)WUXI BIOLGCS A 8.10 0.86% 31.53 1.20% 2.147 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 273.83 0.62% 85.29 0.51% 0.957 20384(Call)
(2331)LI NING COMP A 56.05 3.92% 17.46 0.56% 0.363

Telecom and Related

Stock Code
ADR Price
ADR Change
Equivalent (HKD)
Change from Previous Day (%)
Impact on HSI
Warrant Top Pick CBBC Top Pick
(0008)PCCW LTD ADR 7.39 2.07% 5.754 4.10% N/A

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 3.74 3.11% 29.12 0.75% 0.502
(0016)SUN HUNG KAI P 12.73 0.32% 99.12 0.53% 1.188
(0017)NEW WORLD DEV 0.418 1.75% 6.513 5.20% N/A
(0083)SINO LAND CO 6.25 6.79% 9.733 6.77% N/A
(0101)HANG LUNG PPTY 5.74 1.54% 8.939 0.68% 0.176

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 0.57% 54.58 0.67% 1.556
(0019)SWIRE PAC LTD 8.57 1.27% 66.73 0.03% 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 8.86 1.34% 68.99 1.45% 3.154
(0003)HONG KONG&CHIN 0.876 0.63% 6.819 5.82% 7.369
(0006)POWER ASSETS A 6.65 1.19% 51.78 0.52% 0.591

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 15.02 0.94% 23.39 0.13% 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 20.45 0.17% 39.81 0.03% 0.061 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 19.35 2.24% 15.07 0.40% 0.299

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 8.286 9.32% 64.52 2.58% N/A
(0669)TECHTRONIC IND 58.72 1.66% 91.44 0.38% 0.790

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 4.36 3.11% 16.97 4.21% N/A
(0142)FIRST PAC CO L 4.09 0.49% 6.369 1.75% N/A
(2057)ZTO EXPRESS 20.65 1.05% 160.79 0.81% 0.899
(2518)AUTOHOME INC A 23.76 1.24% 46.25 0.85% N/A
(9896)MINISO GROUP D 19.87 1.58% 38.68 0.47% N/A
(9898)WEIBO CORP ADR 9.94 0.81% 77.40 0.00% N/A
(9901)NEW ORIENT EDU 51.14 0.55% 39.82 1.19% 0.586
Last updated: 2025-12-01 07:05

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.