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Alibaba Opens Doors For Mainland Investments, Shifts Listing Status In Hong Kong — Fund Manager Says, It Will Bring A 'Tailwind' To Shares

Benzinga ·  Aug 22 23:28

Ahead of its anticipated inclusion in the Stock Connect program,$Alibaba (BABA.US)$has made a strategic change to its listing status in Hong Kong.

What Happened: Alibaba Group announced it will change its listing status in Hong Kong, a strategic move that will enable the technology giant to offer shares to the 220 million investors on mainland China's stock market, South China Morning Post reported on Friday.

According to the report, this new designation will make Alibaba's shares eligible for the Stock Connect cross-border investment channel. The exchange operators of Shenzhen and Shanghai will review additions to the programme...

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