Jinwu Financial News | Alibaba's (09988) stock price rose in the early trading session after being included in the Hong Kong Stock Connect. As of press release, it had risen 4.73% to HK$82, with a turnover of HK$2.73 billion.
According to the news, according to separate announcements issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the company's common shares traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective September 10, 2024. Once included, eligible investors in mainland China will be able to directly trade Alibaba Group's common shares.