Shanghai

11 Sep

Chinese Traders Pour Into Alibaba Shares as Trading Links Start

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, china, Emerging Markets, finance, HANG SENG INDEX, Hong Kong, Markets, Shanghai, Shenzhen, stocks, Technology

Mainland Chinese investors flocked to Alibaba Group Holding Ltd. as its Hong Kong-listed stock was made directly available to them for the first time.Investors bought HK$8.5 billion ($1.1 billion) worth of Alibaba shares through the Stock Connect program on the first day, on a net basis, according to stock exchange data released late Tuesday. Purchases via the Shanghai and Shenzhen bourses accounted for about half of the day’s turnover in the stock. Source link lol

16 Aug

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, E-commerce, Hong Kong, Inclusion, Markets, MEITUAN-CLASS B, Shanghai, Shenzhen, Technology, TENCENT HOLDINGS LTD

Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.The company first hatched the plan for an upgrade to a primary listing in Hong Kong two years ago amid heightened tensions with the US. It may at last be realized by the end of the month, paving the way for it to join a program that connects the Shanghai and Shenzhen bourses to the Hong Kong exchange. Source link lol