STI New High: Follow SGX or Bet on High-Potential HK SDRs?
Global stock markets keep hitting new highs — except China. $Straits Times Index(STI.SI)$ hits a new intraday high of 4303.3 points. But things may be changing.
$Xtrackers Harvest CSI 300 China A-Shares ETF(ASHR)$ is already up +19.95% YTD, beating $Invesco QQQ(QQQ)$’s +10.64%.
Recently, Goldman Sachs and Standard Chartered both turned bullish on China stocks, with StanChart keeping an “Overweight” rating in its 2025 H2 Global Outlook.
Hedge funds also rushed in — Goldman’s latest report shows China was the most net-bought market worldwide in August, and SAFE data shows foreign investors added $10.1B in China stocks/funds in H1, with big inflows in May and June.
So what’s the easiest way for SG investors to get exposure?
Besides directly buying HK-listed Chinese companies, you can also buy SDRs (Singapore Depository Receipts), which track popular HK stocks one-for-one or at set ratios. Examples include:
PetroChina HK SDR ( $PetroCN HK SDR 1to2(HPCD.SI)$ ) – China’s largest oil & gas producer
Bank of China HK SDR ( $Bank of CN HK SDR 1to1(HBND.SI)$ ) – One of the “Big Four” Chinese banks
Ping An Insurance HK SDR ( $Ping An Ins HK SDR2to1(HPAD.SI)$ ) – Leading financial & healthcare group
Xiaomi HK SDR ( $Xiaomi HK SDR 2to1(HXXD.SI)$ ) – World’s 3rd largest smartphone vendor
SMIC HK SDR ( $SMIC HK SDR 5to1(HSMD.SI)$ ) – China’s largest chipmaker
Alibaba HK SDR ( $Alibaba HK SDR 5to1(HBBD.SI)$ ) – Largest e-commerce platform
Tencent HK SDR ( $Tencent HK SDR 10to1(HTCD.SI)$ ) – Social media & gaming giant
BYD HK SDR ( $BYD HK SDR 10to1(HYDD.SI)$ ) – Global EV leader
… and more (JD, Meituan, CATL, Pop Mart, HSBC).
At the same time, Tiger now supports HK stock options trading, meaning you could even buy LEAP calls to bet on a long-term China bull run.
If you have our options handbook, you can learn about LEAP calls on page 67.
If you don’t have the handbook, welcome to comment below and join the discussion. High quality or lucky comments will win options handbook[Miser] (Award list would be announced next Monday)
Questions for you
Would you buy China exposure through HK stocks directly, or SDRs listed in SG?
If you’re bullish long-term, would you go as far as buying LEAP calls on HK names?
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Although I have heard about SDRs, I have yet to fully study about it due to lack of time. I am not familiar with LEAP calls and I would need to study about it too. @Success88 @SR050321 @Kaixiang @LuckyPiggie @HelenJanet @SPOT_ON @DiAngel @Fenger1188 @Wayneqq @Universe宇宙 come join
That said, SDRs are still useful for easy access to big Chinese names like Alibaba, Tencent, or BYD without opening an HK account. If someone trades mainly in Singapore, it’s a simple entry point, but I’d only use them as a complement, not my main exposure.
As for options, LEAP calls are attractive if you’re bullish long term. With a smaller premium, you get leveraged upside for 1–2 years, though the risk is losing it all if the stock lags. Personally, I’d consider LEAP calls on sector leaders like Tencent or BYD, alongside direct equity to balance risk.
@Tiger_SG @TigerStars @Tiger_comments
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飞跃评级是一种高风险、高回报的策略，适合对市场观点充满信心的经验丰富的投资者，但不适合典型的长期投资者
总的来说，对于寻求更好市场准入和控制的投资者来说，直接港股交易可能是更实际的选择...
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@Huat99
@Snowwhite
For long-term bullish exposure, LEAP calls on HK names can be attractive due to leverage and capped downside, but risks include: time decay if recovery is slow, regulatory shocks, and low option liquidity. If conviction is very strong and you can tolerate volatility, a barbell approach (core HK equity + selective LEAPs) may balance risk and upside.
👉 Prudent investors usually mix direct equity (for staying power) with limited derivative exposure (for leverage).
@Tiger_SG @TigerClub @TigerEvents
@linkoog @koolgal
中石油香港特别提款权($PetroCN香港特别提款权1to2(HPCD.SI)$)-中国最大的石油和天然气生产商
中国银行香港特别提款权($中国银行香港特别提款权1对1(HBND.SI)$)—中资“四大”银行之一
平安保险HK SDR($平安Ins HK SDR2to1(HPAD.SI)$)-领先的金融和医疗保健集团
小米香港特别提款权($小米香港特别提款权2to1(HXXD.SI)$)-全球第三大智能手机供应商
中芯国际香港特别提款权($中芯国际香港特别提款权5比1(HSMD.SI)$)-中国最大的芯片制造商
阿里巴巴-SW HK SDR($阿里巴巴-SW香港特别提款权5比1(HBBD.SI)$)-最大的电子商务平台
腾讯控股HK SDR($腾讯控股HK SDR 10to1(HTCD.SI)$)-社交媒体和游戏巨头
對衝基金也紛紛涌入-高盛最新報告顯示中國是8月份全球淨買入最多的市場，且外管局數據顯示外商加101億美元上半年中國股票/基金，5月和6月資金大量流入。
对冲基金也纷纷涌入-高盛最新报告显示中国是8月份全球净买入最多的市场，且外管局数据显示外商加101亿美元上半年中国股票/基金，5月和6月资金大量流入。
More liqudity
SGX is mostly died