What is ADR and what is ADR stock?

Hong Kong stock ADR is actually a combination of the words Hong Kong stock + ADR. Hong Kong-listed companies are listed in the U.S. in the form of ADR.

First of all, we need to understand what ADR is.

ADR stands for American Depositary Receipt, which is a ** instrument listed in US dollars. It has become a number of large Chinese companies, such as CNOOC.

and other major ways to achieve a U.S. listing (CNOOC Limited last year in an initial public offering totaling $100 million.

ADRs accounted for 37% of the issuances).

Why issue an ADR?

According to the relevant laws of the United States, the place of registration of enterprises listed in the United States must be in the United States. So like New Oriental.

In this way, enterprises registered in China can only enter the U.S. capital market in the form of depositary receipts.

In addition, some institutional investors in the U.S. are not allowed to buy foreign**, such as U.S. retirement** and insurance companies, but they can buy American Depositary Receipts (ADRs) that are listed in the U.S. and registered with the SEC.

What are the advantages of ADR?

An American Depositary Receipt (ADR) is a type of negotiable certificate issued by a U.S. commercial bank to assist a foreign country** in a transaction in the United States. Typically represents publicly tradable ** and bonds of non-US companies. **Listing through American Depositary Receipts (ADRs) has the following advantages:

Improve the visibility of the issuing company in foreign markets, expand overseas financing channels, and lay the foundation for future direct issuance in the U.S. market**. (2) It has higher liquidity than the general **. Not only are depositary receipts interchangeable, but they are also interchangeable with other **.

3) Reduce transaction costs. Most American Depositary Receipts (ADRs) are in the U.S. **Exchange Commission.

Registration, which is considered a form of U.S.**, can be traded on the U.S.'s ** exchange market or over-the-counter market.

Conduct free trading to facilitate access to the U.S.** market for non-U.S. companies.

ADR** Looking?

Many Hong Kong-listed companies choose to list on the US stock market in the form of ADR, the so-called Hong Kong stock ADR, Tencent Holdings, Geely, China Mobile, China Unicom, HSBC Holdings, etc.

All Hong Kong stock ADRs, and even the world's ADRs, can be queried on Investing.com Finance.

I've speculated, I feel that there are too many restrictions on A shares, too many uncertain factors, relatively Hong Kong stocks are more mature, there is no limit to the limit, you can trade on the same day, the trading platform I use Tiger **, the commission is only 10,000 3, and the level is also sent **, which is indeed very cost-effective.

Judging by not being able to keep up, the problem is not here. 7112

ADR, American Depositary Receipt, is a ** instrument listed in US dollars. It has become the main way for some large companies to go public in the United States (last year at CNOOC, ADR accounted for 37% of the $1.26 billion IPO).

1. What is the difference between ADR** and which chain of common shares?

ADR represents ownership of **, while common shares are issued directly to investors by listed companies. The full name of ADR is the US stock depositary receipt, as a depositary receipt, the difference between it and ordinary ** is mainly reflected in the fact that the person holding the depositary receipt enjoys the same dividends and voting rights as the person holding **, but it cannot be directly exercised in the way of driving, and must be exercised by the depositary on behalf of the depositary; In terms of participants, depositary receipts and custodians have been added to assume depository and custodian functions respectively. There is no difference between the two trading systems, in terms of trading system, depositary receipt transactions are the same as the relevant trading mechanisms in terms of transaction methods, declaration types, price limits, transaction price determination principles, etc.

2. What does Index ADR mean?

The ADR index is also known as the rise and fall ratio index or the rise and fall ratio index, and its full name in English is "advance decline ratio". Like the ADL indicator, it is a medium- to long-term technical analysis tool that specializes in the study of index movements. The basis of the ADR indicator is the "pendulum principle", that is, when the force of one side is too large, it will produce the effect that the pole must be opposed, and the pulling force that swings in the opposite direction will be stronger, and vice versa.

The ADR indicator is to measure the changes in the long and short sides to judge the overall trend of the market in the future through the ratio of the number of companies in the whole ticket market in a certain period of time.

Usually when the ADR exceeds 1,5 or more and then there are indications, it indicates that the market is overbought, and investors can consider selling**. If the ADR fluctuates below 0,5 and then there are signs of rising, it indicates that the bottom is gradually forming, and investors can consider using funds to build a position and absorb it**.

Index, to put it simply, is a reference number compiled by an exchange or financial services institution that indicates changes in the market.

By looking at the index, we will have a clear understanding of the current ups and downs of each ** ticket market.

**The principle of the arrangement of the index is actually very cumbersome, so the senior sister will not talk about it in detail here, click the link below to teach you to quickly understand the index: the basic knowledge that novice Xiaobai must have.

2. What is the use of the ** index?

Through the foregoing, we can understand that the representative ** in the market is selected by the index, so if we can quickly obtain information about the overall rise and fall of the market through the index, then we can also have a general understanding of how hot the market is, and even the future trend can be **. Specifically, you can click the link below to get professional reports and learn the ideas of analysis: the latest industry research reports are free to share.

Change-to-change ratio indicator. is the ratio of the number of **** to the number of **** in **.

The Hong Kong stock ADR means that the Hong Kong stock company is listed and traded in the United States by issuing ADR. Because a company listed in the U.S. must be registered in the U.S., foreign companies that want to be listed in the U.S. can only do so by issuing an ADR.

American Depositary Receipts.

American Depositary Receipt (ADR), also known as American Depositary Receipt, is a foreign company outside the United States that is issued to U.S. investors in the U.S. and traded on the U.S. market.

Further information: Hong Kong stocks refer to those in the Hong Kong Special Administrative Region of the People's Republic of China.

Listed on the Hong Kong Stock Exchange**. Hong Kong's best market.

It is more mature and rational than the mainland, and it is sensitive to the world. If the mainland's ** is listed in the mainland and Hong Kong at the same time, the "A+H" model is formed, and the A-share can be judged according to its situation in Hong Kong**.

of the trend. The history of Hong Kong's ** trading can be traced back to 1866, but it was not until 1891 that the Hong Kong Brokers Association Jianzhou Association was established, and Hong Kong established its first official ** market. Between 1969 and 1972, Hong Kong established the Far East Exchange, the Gold and Silver Exchange, the Kowloon Exchange, and the original Hong Kong Stock Exchange.

A situation has been formed in which four exchanges stand on their own. In just two years from 1972 to 1973, 119 companies were listed in Hong Kong, and the number of listed companies reached 296 by the end of 1973. On 7 July 1980, the four exchanges merged to form the Hong Kong Stock Exchange.

After the market closed on 27 March 1986, all four E-Firm closed down and all their operations were transferred to the Stock Exchange.

Derivatives in the Hong Kong market.

There are many types, which can be mainly divided into: index derivatives, derivatives, foreign exchange derivatives, interest rate derivatives, and warrants.

and other five categories. Almost all of them incorporated in Hong Kong are open-ended, and for investors, they can get their funds back at any time, and they are particularly attractive to overseas investors. According to the Hong Kong Monetary Authority, Hong Kong's bond market is divided into Chinese Hong Kong dollars.

There are two main categories: the bond market and the foreign currency bond market issued and traded in Hong Kong. Among them, the Hong Kong dollar bond market is dominated by foreign exchange ** bonds, bond issuance plan bonds, and dragon bonds are the most representative in the foreign currency bond market.

Relying on the rapid economic development of the Mainland, Hong Kong has become the fastest-growing international financial centre in Asia. HKEX has grown rapidly and continues to improve its ranking as a global exchange.

The ADR indicator, also known as the Rise and Fall Ratio Index or the Rise and Fall Ratio Index, is a medium and long-term technical analysis tool specializing in the study of the trend of the Slim Liquid** index.

The ADR indicator is to compare the increase and increase of all the listed transactions in a certain period of time, and the scale obtains the ratio between the increase and the destruction and infers the changes between the long and short forces in the market, and then judges the actual situation in the market.

Due to the certain relationship with the ADL indicator, the ADR indicator is also known as the regression flight index. This indicator concentrates the rise and fall information of **market**, which can reflect the strength and weakness of the ****, but does not show the specific strength and weakness of the ** situation, therefore, it is the same as ADL, it belongs to the same is a special general trend and a wide range of indicators, which is an indicator that specializes in the study of **index, and cannot be used for stock selection and research.

The market is a battlefield for the long and short sides, and this battle is spontaneous to a certain extent, with more freedom and blindness. The ADR indicator is to reflect whether the whole ticket market is in an over-the-top and oversold situation from one side, so as to carry out a more rational investment operation.