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:

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?

REWARDS

  • All valid comments will receive 5 Tiger Coins (5-50 coins; depend on comment quality)

  • Tag your friends to win another 5 Tiger Coins

Join our topic and post directly or leave your comments to win tiger coins~

Plus, you can stand a chance to get 100 tiger coins & $5 stock vouchers. Event detail to click: Vouchers & Coins All Sent! Are You the Lucky Tiger?

—————

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

# HSI Surpasses 26000! NTES ATH, 11 Stocks Doubled: Still Have Chance?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment25

  • Top
  • Latest
  • MHh
    ·09-03
    TOP
    I prefer to buy HK stocks directly as I find it more straightforward and have greater liquidity and bid ask spreads which is important for me when I want to trade the stock. Also, I have ready HK dollar in my Tiger account which saves me the hassle of converting.


    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
    Reply
    Report
    Fold Replies
    • SPOT_ON
      [Salute]
      09-04
      Reply
      Report
  • Shyon
    ·09-03
    For me, I’d rather buy HK stocks directly than SDRs in Singapore. HK offers better liquidity, tighter spreads, and wider coverage, which makes trading smoother. SDRs are convenient for SGX-only investors, but they usually come with lower liquidity and wider spreads, so I see them more as a backup option.

    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

    Reply
    Report
  • Tiger_SG
    ·09-10
    Thanks for participating in discussion.
    The tiger coins have been sent. You can check them in the tiger coin center “history“.
    @WonderElephant
    @Jezza67
    @AN88
    @Myrttle
    @Success88
    @WanEH
    @Chimmy
    @MilkTeaBro
    @MilkTeaBro
    @Mrzorro
    @1PC
    @ECLC
    @mpeyeoeh
    @Cadi Poon
    @MHh
    @BTS
    @TimothyX
    @Lanceljx
    @hd87
    @Shyon
    Reply
    Report
  • BTS
    ·09-06
    SDRs are a convenient and lower-cost option for retail investors seeking China exposure, while active traders may prefer direct HK stocks for greater liquidity and flexibility

    LEAP calls are a high-risk, high-reward strategy suited to experienced investors who are confident in their market view and not ideal for typical long-term investors

    In general, direct HK stock trading may be the more practical choice for investors seeking better market access and control。。。
    Tag :
    @Huat99
    @Snowwhite

    Reply
    Report
  • mpeyeoeh
    ·09-04
    I started trading HK option pretty interesting very similar to US option. But got my first shock as the lot size is totally different. Now already get use to cautiously look at lot size before any other things. Happy trading HK here I come....
    Reply
    Report
  • Lanceljx
    ·09-04
    Direct HK stocks usually offer deeper liquidity, tighter spreads, and better alignment with China’s economic cycle. However, they carry FX risk (HKD/USD peg) and higher volatility. SDRs in SG provide convenience, SGD settlement, and possibly easier tax handling, but liquidity can be limited, and spreads wider.

    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

    Reply
    Report
  • hd87
    ·09-04
    I would lean towards buying China exposure through HK stocks listed locally or via SGX SDRs depending on ease and capital efficiency. HK SDRs offer a lower minimum investment, simpler access in SGD, and avoid cross-border complexities compared to directly buying HK shares. This makes them appealing for retail investors seeking bite-sized exposure to major China plays like Alibaba, Tencent, and BYD. For long-term bullishness, LEAP calls on HK names could also be attractive to leverage strong growth prospects, especially given recent strong inflows and positive outlooks from Goldman Sachs and Standard Chartered. However, LEAP calls carry higher risk and require careful timing and market conviction. Using a mix of HK SDRs for core exposure and selective LEAPS for upside could be a balanced approach. Overall, the growing popularity and liquidity of HK SDRs on SGX provides a versatile way to ride China’s recovery without higher direct trading costs or complexity.

    @linkoog @koolgal

    Reply
    Report
  • ECLC
    ·09-04
    Read online from a "shifu" about buying SDR in SG and not via HK. Have one in watchlist but took too long to follow buy call and price has gone up. Still learning and won't leap yet.
    Reply
    Report
  • WanEH
    ·09-03
    还不是很清楚这个新的方式。可能短期内还是直接买港股比较容易。看来还需要时间慢慢适应。 @Tiramisu2020
    Reply
    Report
  • TimothyX
    ·09-03
    除了直接購買在香港上市的中國公司,您還可以購買SDR(新加坡存託憑證),一對一或按設定比率追蹤熱門港股。示例包括:

    中石油香港特別提款權($PetroCN香港特別提款權1to2(HPCD.SI)$)-中國最大的石油和天然氣生產商

    中國銀行香港特別提款權($中國銀行香港特別提款權1對1(HBND.SI)$)—中資“四大”銀行之一

    平安保險HK SDR($平安Ins HK SDR2to1(HPAD.SI)$)-領先的金融和醫療保健集團

    小米香港特別提款權($小米香港特別提款權2to1(HXXD.SI)$)-全球第三大智能手機供應商

    中芯國際香港特別提款權($中芯國際香港特別提款權5比1(HSMD.SI)$)-中國最大的芯片製造商

    阿里巴巴-SW HK SDR($阿里巴巴-SW香港特別提款權5比1(HBBD.SI)$)-最大的電子商務平臺

    騰訊控股HK SDR($騰訊控股HK SDR 10to1(HTCD.SI)$)-社交媒體和遊戲巨頭

    Reply
    Report
  • Cadi Poon
    ·09-03
    近日,高盛和渣打雙雙轉向看多中國股票,其中渣打保持了“跑贏大盤”its中的評級2025年下半年全球展望.

    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。

    Reply
    Report
  • Cadi Poon
    ·09-03
    近日,高盛和渣打雙雙轉向看多中國股票,其中渣打保持了“跑贏大盤”its中的評級2025年下半年全球展望.

    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。

    Reply
    Report
  • Mrzorro
    ·09-04
    I prefer to buy China exposure through HK stocks directly rather than SDRs listed in SG, but I won't buy LEAP calls on HK names as it is too risky for me.
    Reply
    Report
  • 1PC
    ·09-03
    I have tried SDR & yes 🙂‍↕️ they are less liquid 🫟... But it's convenient though [Happy]. @Jes86188 @JC888 @Barcode @koolgal @Shyon @Shernice軒嬣 2000
    Reply
    Report
  • Chimmy
    ·09-04
    Buy directly from HK market of course, which I had done so!


    More liqudity


    SGX is mostly died
    Reply
    Report
  • Success88
    ·09-05
    I will still hold my stock in SGX. Singapore is much more save country.
    Reply
    Report
  • Myrttle
    ·09-04
    I feel direct ownership gives me more piece of mind rather than SDRs
    Reply
    Report
  • MilkTeaBro
    ·09-04
    Reply
    Report
  • MilkTeaBro
    ·09-04
    Reply
    Report
  • AN88
    ·09-04
    no but bought some China stocks as growing
    Reply
    Report