| name | longbridge-adr-premium |
| description | ADR / H-share / A-share cross-market pricing analysis via Longbridge Securities — tracks the premium or discount between US-listed ADRs, HK-listed H-shares, and A-shares; calculates theoretical arbitrage spread; analyses constraints (FX controls, transaction costs, liquidity). Triggers: "ADR溢价", "ADR折价", "AH溢价", "ADR套利", "美股ADR", "三地比价", "跨市场套利", "双重上市", "ADR溢價", "ADR折價", "AH溢價", "ADR套利", "三地比價", "跨市場套利", "ADR premium", "ADR discount", "AH premium", "ADR arbitrage", "cross-listing premium", "dual-listed", "three-market comparison", "BABA ADR", "HK ADR".
|
| license | MIT |
| metadata | {"author":"longbridge","version":"1.0.0","risk_level":"read_only","requires_login":false,"default_install":true,"requires_mcp":false,"tier":"read"} |
longbridge-adr-premium
Cross-market premium / discount analysis for companies dual- or triple-listed as ADR (US), H-share (HK), and/or A-share (CN).
Response language: match the user's input language — Simplified Chinese / Traditional Chinese / English.
When to use
Trigger on prompts asking about:
- ADR vs H-share premium / discount — "BABA ADR 溢价", "百度 ADR 和港股哪个便宜"
- Three-market comparison — "BABA.US / 9988.HK / 阿里A股 比价"
- Theoretical arbitrage spread and constraints — "ADR 套利空间", "ADR arbitrage"
- Dual-listing pricing discrepancy — "dual-listed premium", "跨市场套利"
For pure A/H premium time series defer to longbridge-ah-premium.
Workflow
- Identify all available listing venues for the company (ADR ticker, HK code, A-share code).
- Fetch real-time quotes for each venue.
- Fetch USD/HKD and USD/CNY exchange rates.
- Convert all prices to a common currency (USD) using the ADR ratio where applicable.
- Calculate premium / discount between each pair:
(Price_A − Price_B) / Price_B × 100%.
- Assess arbitrage constraints: FX repatriation rules, stamp duty, liquidity depth, settlement lag.
- Output a comparison table and narrative.
If unsure of exact flag names, run longbridge <subcommand> --help before proceeding.
CLI
longbridge quote <ADR_SYMBOL> --format json
longbridge quote <HK_SYMBOL> --format json
longbridge quote <A_SYMBOL> --format json
longbridge exchange-rate --format json
Common examples:
| Company | ADR | H-share | A-share |
|---|
| Alibaba | BABA.US | 9988.HK | — |
| Baidu | BIDU.US | 9888.HK | — |
| JD.com | JD.US | 9618.HK | — |
| NIO | NIO.US | 9866.HK | — |
Output
Present a summary table then a narrative:
Symbol Price (local) Price (USD) vs ADR
──────────────────────────────────────────────────
BABA.US $82.50 $82.50 baseline
9988.HK HK$638.00 $81.79 −0.9%
Then explain:
- Which venue is cheapest / most expensive and why.
- Arbitrage constraints (FX controls, transaction costs, liquidity).
- Whether the spread is actionable or structural.
Error handling
| Situation | 简体回复 | 繁體回復 | English reply |
|---|
| Symbol not found | 未找到该代码，请确认上市交易所和代码格式。 | 找不到該代碼，請確認上市交易所和代碼格式。 | Symbol not found — please verify the exchange and ticker format. |
| No ADR listing | 该公司没有美股 ADR，只能比较 H 股和 A 股。 | 該公司沒有美股 ADR，只能比較 H 股和 A 股。 | No US ADR found — comparing H-share vs A-share only. |
| Exchange rate unavailable | 汇率数据暂时不可用，无法换算成同一货币。 | 匯率數據暫時不可用，無法換算成同一貨幣。 | Exchange rate unavailable — cannot convert to a common currency. |
command not found: longbridge | 请先安装 longbridge-terminal，或通过 MCP 连接。 | 請先安裝 longbridge-terminal，或透過 MCP 連線。 | Install longbridge-terminal or connect via MCP. |
not logged in | 请运行 longbridge auth login 完成登录。 | 請執行 longbridge auth login 完成登入。 | Run longbridge auth login to authenticate. |
MCP fallback
When the CLI is unavailable, fall back to the MCP server. Discover available tools from the MCP server's tool list at runtime.
Related skills
longbridge-ah-premium — A/H premium time series and intraday curvelongbridge-peer-comparison — side-by-side valuation across 2–5 symbolslongbridge-fx — FX spot rates
File layout
skills/longbridge-adr-premium/
└── SKILL.md
