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BT EXPLAINS

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

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Therese Soh
Navene Elangovan

Therese Soh &

Navene Elangovan

Published Mon, Apr 1, 2024 · 04:18 PM — Updated Mon, Jun 23, 2025 · 12:42 PM
    • Investors of SDRs listed on the SGX can have their securities under custody with the Central Depository, rather than with a broker if they were to buy the stock directly from an overseas exchange.
    • Investors of SDRs listed on the SGX can have their securities under custody with the Central Depository, rather than with a broker if they were to buy the stock directly from an overseas exchange. PHOTO: YEN MENG JIIN, BT

    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. 

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