Singapore extends depository receipts to 5 Hong Kong firms

This allows Singaporean investors new investment options in Hong Kong.

The Singapore Exchange (SGX) unveiled the new Hong Kong Singapore Depository Receipts which lets investors buy shares of major Hong Kong companies whilst trading them on the SGX.

This setup lets investors access leading Hong Kong stocks with more ease, lower costs, and the convenience of managing their investments on a single platform. It also helps investors diversify, or spread out, their investments across different sectors.

The five biggest stocks on the Hang Seng Index—Tencent, Alibaba, Bank of China, HSBC, and BYD—are now available as HK SDRs on SGX.

SGX now has 13 SDRs, including eight from Thailand, which cover over 40% of Thailand’s largest companies (the SET 50 index). Tencent and Alibaba are also part of the top five stocks in the Lion-OCBC Securities Hang Seng Tech ETF, a popular tech-focused investment fund on SGX.