What are Singapore Depository Receipts and how do they benefit investors? 

SINGAPORE investors can now directly invest in three Hong Kong blue-chip stocks – Ping An Insurance, Meituan and Xiaomi – via newly launched Singapore Depository Receipts (SDRs).

SGX launched its second batch of Hong Kong SDRs on Wednesday (Mar 5) in partnership with Phillip Securities. This broadens the Singapore Exchange’s (SGX) thematic investment opportunities in artificial intelligence (AI), electric vehicles (EV), e-commerce and financials.

This follows two past launch rounds for Thai SDRs. On May 30, 2023, SGX debuted SDRs for three of Thailand’s largest listcos under the Thailand-Singapore Depository Receipt Linkage. On Apr 1, 2024, it widened its offerings of Thai SDRs and launched five more linked to blue-chip companies in Thailand.