Safer to own Hong Kong Stock Market shares or an ADR of the shares on the NYSE?
Given the current state of Geopolitics, if I want to buy say BYD stock as an example, is it safer to own the shares themselves on the Hong Kong stock market (1211.HK), or a JP Morgan backed, but nevertheless unsponsored ADR (BYDDY)?
On the one hand, Hong Kong is beginning to become reintegrated to China and certainly has a degree of influence from the Chinese government, so if trade conflicts intensify HK stocks could become affected for US buyers
On the other, the unsponsored ADR is backed by JP Morgan, an American financial monolith, but which it holds shares through HSBC in Hong Kong. But it is unsponsored vs owning actual shares.
Seems like BYDDY seems to trade differently than 1211.HK as well with one slightly up and the the other slightly down today
Which is more likely to end up me, as an American investor still owning the stock and being able to trade it in the event of a wider trade conflict?