Alibaba's application for Dual Major listing in Hong Kong and New York is expected to be completed by the end of the year

The analysis generally believes that for Alibaba and Chinese shares, Dual Major listing is the best business choice to comply with the current pattern and market expectations and ensure the interests of investors. After the implementation of Dual Major listing, it is also expected to meet the qualification of Hong Kong Stock Connect, thus creating more convenience for Chinese mainland investors to directly invest in Alibaba.

After Alibaba's Dual Major listing in Hong Kong and New York, the depositary shares listed in the United States and ordinary shares listed in Hong Kong can still continue to be converted to each other. Investors can continue to choose to hold Alibaba shares in one of these forms, which will attract more international capital to transfer to Hong Kong.