--- title: New Hong Kong SDRs on SGX from August 2025 description: From 6 August 2025, SGX will list CATL and Pop Mart SDRs, giving Singapore investors low-cost, SGD-denominated access to Hong Kong’s electric vehicle and consumer markets. image: https://www.catl.com/en/uploads/1/image/public/202304/20230419150801_f7b811ms4y.jpeg --- [Skip to content](https://www.thefinancialcoconut.com/blog/new-hk-sdrs-on-sgx#main-content) [![Full_COlour](https://www.thefinancialcoconut.com/hs-fs/hubfs/Full_COlour.png?width=456&height=80&name=Full_COlour.png)](https://www.thefinancialcoconut.com/) - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) Open main navigation Close main navigation - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) - [Contact us](https://www.thefinancialcoconut.com/contact-us) [Contact us](https://www.thefinancialcoconut.com/contact-us) Aug 12, 2025, 4:17:10 PM # New Hong Kong SDRs on SGX from August 2025 ![Picture of The Financial Coconut](https://www.thefinancialcoconut.com/hs-fs/hubfs/Square%20(2)-3.png?width=50&name=Square%20(2)-3.png) [The Financial Coconut](https://www.thefinancialcoconut.com/blog/author/the-financial-coconut) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.thefinancialcoconut.com/blog/new-hk-sdrs-on-sgx) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.thefinancialcoconut.com/blog/new-hk-sdrs-on-sgx) [envelope icon](mailto:?body=https://www.thefinancialcoconut.com/blog/new-hk-sdrs-on-sgx) [Share this page](https://twitter.com/intent/tweet?url=https://www.thefinancialcoconut.com/blog/new-hk-sdrs-on-sgx) [![Follow The Financial Coconut](https://no-cache.hubspot.com/cta/default/46975693/interactive-182431637553.png)](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/redirect?encryptedPayload=AVxigLL2CjCe42iR2RH2MpVX0Ej%2BKJQ%2F3A0Z7pXnUs35To%2Bo6nbKcpBVq9I98X5NUungVEwfs5YCKuM%2FaP97VxIITkTlihT57%2F%2F4XDW9rT3VR4MatSLDi%2BMU5mbQqihfX3LRRz83ij8K19OiD8UXy8sdct4t0Q%3D%3D&webInteractiveContentId=182431637553&portalId=46975693)   ## **TL;DR** From 6 August 2025, Singapore Exchange (SGX) will list two new Hong Kong-linked [Singapore Depository Receipts](https://www.thefinancialcoconut.com/blog/what-are-singapore-depository-receipts) (SDRs): **CATL (HCCD)**, the world’s largest lithium battery maker, and **Pop Mart (HPPD)**, China’s largest pop toy company. These listings allow Singapore investors to tap into electric vehicle (EV) and consumer trends with **bite-sized minimum investments from around S$200**, traded in Singapore dollars with no foreign exchange (FX) or custody fees. SDRs continue to gain traction, with total turnover reaching **S$5.4 million in July 2025** and total assets under management (AUM) surpassing **S$140 million**. ## **Singapore’s SDR Market Gets a Boost with CATL and Pop Mart** The Singapore Exchange (SGX) is expanding its **Singapore Depository Receipts (SDRs)** offering, adding **two new Hong Kong-linked names** from 6 August 2025 — **CATL (HCCD)** and **Pop Mart (HPPD)**. This move deepens the exchange’s thematic coverage of **electric vehicles (EVs)** and **consumer trends**, sectors that have seen explosive growth in recent years. ### **Bite-Sized Access to Global Leaders** For many Singapore investors, buying Hong Kong shares directly comes with hurdles — high minimum lot sizes, FX fees, and overseas custody costs. SDRs solve this by allowing trading in **SGD**, with **minimum investments starting at S$196–S$226** for the new entrants, compared to over **S$6,000 for their Hong Kong-listed shares**. ![CATL launches condensed battery with an energy density of up to 500 Wh/kg, enables electrification of passenger aircrafts](https://www.catl.com/en/uploads/1/image/public/202304/20230419150801_f7b811ms4y.jpeg) **CATL** - **Sector**: EV Batteries & Energy Storage - **Market Cap**: S$233B - **SDR Code**: HCCD - **Minimum Investment (SDR)**: S$226 - **12-month Yield**: 2.2% - Supplies batteries to 9 of the world’s top 10 EV makers, with a 38% global market share in power batteries. ![POP MART on X: "Dreams do come true! 🤩 Our first 🇸🇬 POP MART Singapore 🇸🇬 official store is finally READY!!!! 🍾🎉 Your new-favorite store will open its doors this Saturday, Jan](https://pbs.twimg.com/media/EsTujN4VoAIa3UA.jpg:large) **Pop Mart** - **Sector**: Consumer Goods (Collectible Toys) - **Market Cap**: S$54B - **SDR Code**: HPPD - **Minimum Investment (SDR)**: S$196 - **12-month Yield**: 0.4% - Recorded **182% YTD returns** in 2024, fuelled by aggressive global expansion and surging plush toy sales. ### **Why SDRs Are Gaining Popularity** SDRs have been **one of SGX’s fastest-growing products** since their October 2024 launch. In July 2025 alone, SDR turnover hit **S$5.4M**, with AUM exceeding **S$140M**. Demand is driven by three factors: | **Benefit** | **What It Means for Investors** | | --- | --- | | **Bite-Sized Investing** | Small entry amounts allow retail investors to diversify into foreign markets without committing large sums. | | **Trusted SGX/CDP Platform** | Trades are settled in SGD, with dividends paid in SGD and holdings custodised in CDP. | | **Cost Effectiveness** | No FX charges, no custody fees for direct CDP accounts, and competitive brokerage rates. |     ## **Thematic Investing Made Easier** SGX’s SDR line-up now covers **around 50% of the Hang Seng Index (HSI)** by weight, alongside Thai blue-chips in the SET50 index. Investors can now **express sector views** without managing multiple overseas accounts. - **EV Transition** – Access battery makers (CATL), car manufacturers (BYD), and supply chain players. - **Consumer Growth** – Play on China’s rising consumption through brands like Pop Mart, Meituan, and JD.com. - **AI & Tech** – Gain exposure to Tencent, SMIC, and other leaders in the AI value chain. ### **![CATL - Wikipedia](https://upload.wikimedia.org/wikipedia/commons/2/27/CATL_Arnstadt_2crop_2020-04.jpg)** ### **Implications for Singapore Investors** The addition of CATL and Pop Mart SDRs could be significant for **portfolio diversification**. - **For growth investors**: CATL offers exposure to the accelerating global EV adoption curve and energy storage demand from data centres and renewables. - **For thematic retail traders**: Pop Mart taps into both domestic and global consumer markets, riding on IP monetisation and cultural trends. - **For income seekers**: While yields vary, some SDRs in the suite offer up to **11% dividend yield** (e.g., Chinese state-owned banks). ### **Practical Trading Details** - **Board Lot Size**: 100 SDRs - **Trading Currency**: SGD - **Trading Days**: All SGX trading days, even when HKEX is closed - **Fungibility**: Fully exchangeable with the underlying Hong Kong shares ## **FAQ** **1. [What is an SDR](https://www.thefinancialcoconut.com/blog/what-are-singapore-depository-receipts)?** An SDR is a security traded on SGX that represents shares in a foreign-listed company. It allows investors to gain exposure to overseas companies without trading on foreign exchanges. **2. How is the SDR price determined?** It’s based on the overseas share price, adjusted by the SDR conversion ratio and prevailing FX rate. Example: If a share trades at HK$480, FX rate is 0.17, and ratio is 10:1, the SDR price is about S$8.20. **3. Are there extra fees for holding SDRs?** For direct CDP accounts, there are no FX charges or custody fees. Usual brokerage commissions apply. **4. Can I convert SDRs into the underlying Hong Kong shares?** Yes, SDRs are fungible with the underlying shares, though conversion may incur fees and is subject to broker processes. **5. How liquid are SDRs?** Liquidity has been increasing — top-traded names like Alibaba and BYD average over S$0.5M daily turnover. Let us know what you think about this topic, and what do you want to hear next. #### **Sources consulted:** - [SGX SDR Programme Overview](https://www.sgx.com/campaign/sdr) - Bloomberg, CATL and Pop Mart Annual Reports 2024 You can now be our community contributor and make a [pitch ](https://thefinancialcoconut.com/contact/)to have your favourite personality be on our show. Join our [community group](https://linkin.bio/thefinancialcoconut/?fbclid=PAZXh0bgNhZW0CMTEAAaY2-JSYItZawSUnNP4YhAicLp0H2wXwx8EBmQgbzOJrjA6YRiPWXtFDSH4_aem_t1DMRY5jrSAapreaSX9ntw) and drop us your insights on this topic.   ### Stay ahead in your financial journey! 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