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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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。。。
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@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
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。
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。
More liqudity
SGX is mostly died