SDRs are instruments each representing beneficial interest in an underlying security listed on an overseas exchange. They are issued on an unsponsored basis, and the issuer does not have a formal agreement with the underlying company.
The Singapore Exchange (SGX:S68
) (SGX) has launched five Hong Kong underlying stocks in its Singapore Depository Receipts (SDRs) offering, while lowering minimum investment sums to as little as 2% of what an investor in Hong Kong would typically pay, confirming an Oct 18 report by The Edge Singapore.
SGX launched Hong Kong SDRs on Oct 30 for five mega-cap companies: BYD Company, HSBC, Bank of China, Alibaba and Tencent.
