Alibaba HK SDR 5to1 Stock Forum

$Alibaba HK SDR 5to1 (HBBD.SG)$
Will it mirror the price movement of $BABA-WR (89988.HK)$ or it’s a stock ticker on its own right, price dependent on bid/ask of people trading on SGX?

SGX launches 5 Hong Kong SDR, making mega cap investments more affordable and flexible: Alibaba ( $Alibaba HK SDR 5to1 (HBBD.SG)$ ), Tencent ( $Tencent HK SDR 10to1 (HTCD.SG)$ BYD ( $BYD HK SDR 10to1 (HYDD.SG)$  HSBC ( $HSBC HK SDR 5to1 (HSHD.SG)$ Bank of China ( $Bank of CN HK SDR 1to1 (HBND.SG)$
The suite of HK SDR provides thematic exposures to evolving global trends in AI transformation, EV transition and financials, allowing in...