Zijin Gold and three other Hong Kong stocks, including China Mobile, will be newly listed in SDR form next week | Lianhe Zaobao

Starting next Monday (February 2), three major Hong Kong stocks will be listed in Singapore as Singapore Depository Receipts (SDR). These three stocks are Zijin Gold, HORIZONROBOT-W, and China Mobile. The Singapore Exchange announced this news in a statement on Friday (January 30), noting that the launch of these three Hong Kong SDRs will provide investors with a convenient investment channel in Singapore dollars, allowing them to invest in three outstanding industry-leading companies in Hong Kong. Depository receipts refer to ordinary share certificates issued by companies overseas, quoted in local currency. The SDRs on the Singapore Exchange allow investors to trade in Singapore dollars with a lower investment amount. The Singapore Exchange pointed out that the minimum investment amount for these three new Hong Kong SDRs is low, all below 400 SGD. In contrast, the minimum investment amount for their Hong Kong stocks can reach up to 7,000 SGD. Among these three stocks, Zijin Gold is China's largest gold producer, providing opportunities to participate in the rising trend of gold and the growing interest of investors in precious metals. HORIZONROBOT-W is a leader in China's artificial intelligence (AI) computing and autonomous driving solutions, collaborating with major automobile manufacturers to facilitate the transformation of smart mobility in China. Further Reading Zijin Gold surges on its first day of listing in Hong Kong, rising 67% during trading China Mobile is the largest mobile network operator in China and a key player in AI-driven digital infrastructure, offering attractive dividend yields. The Singapore Exchange stated: "The growing retail demand for Hong Kong SDRs is evident, with net retail inflows reaching as high as 150 million SGD in 2025. This highlights investors' strong interest in technology and AI-related sectors." It also mentioned that the "small" investment method priced in Singapore dollars offered by Hong Kong SDRs further stimulated participation. Nearly 50% of the trading volume is below the minimum investment amount in the Hong Kong market, reflecting strong demand for fragmented investments. According to data from the Singapore Exchange, the main investment themes driving SDR performance last year included technology and gold-based securities. For example, Laopu Gold stood out with an astonishing 156% increase, becoming the best-performing stock This is mainly benefited from the safe-haven appeal of gold, with gold prices soaring to historic highs. In addition, Semiconductor Manufacturing International Corporation (SMIC) and Alibaba also performed well, rising 126% and 73% respectively, thanks to a surge in demand for AI and semiconductor-related stocks. With the launch of these new SDRs, the Singapore Exchange currently offers a total of 32 SDRs, covering the markets of mainland China, Hong Kong, Thailand, and Indonesia