What problem does it solve?
It helps investors quantify and interpret cross-listing pricing gaps between US-listed ADRs, HK-listed H-shares, and Mainland A-shares to surface potential arbitrage and delisting-risk signals.
Core Features & Use Cases
- Cross-listing premium frameworks: Calculates AH premium and ADR premium/discount using FX-adjusted price conversions to make listings comparable.
- Signal interpretation & context: Turns premium levels into actionable research guidance (e.g., fade premium, buy undervalued listing, or stay neutral) and explains structural drivers like liquidity and access premia.
- Delisting risk assessment: Provides a research checklist using HFCAA/PCAOB and SEC identified-issuer indicators, including the mitigating effect of HK “backup” listings.
- Research-oriented strategy templates: Supports mean-reversion and event-driven monitoring for cross-listing and arbitrage research (with explicit caveats about fungibility limits between A and H).
Quick Start
Use the adr-hshare skill to compute AH premium and ADR-HK premium for a chosen company pair (e.g., PetroChina for A+H, Alibaba for ADR+HK) using consistent FX inputs, then interpret the result to decide which listing looks relatively rich or cheap for research purposes.