Market Chatter: Ping An, Meituan, and Xioami Added to SGX Depository Receipts

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Market Chatter: Ping An, Meituan, and Xioami Added to SGX Depository Receipts

MT Newswires03-05

Singapore Exchange added Hong Kong blue chips Ping An Insurance (HKG:2318), Meituan (HKG:3690), and Xiaomi (HKG:1810) to Singapore Depository Receipts, Business Times reported.

The second batch of Hong Kong SDRs, taking the total to eight, was launched in partnership with Phillip Securities, the report added.

SDRs allow Singaporean investors to invest directly in overseas stocks through SGX. They provide holders with a beneficial interest in an underlying security through an issuance and cancellation process, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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.

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