Big action!Alibaba announced

After the Hong Kong Stock Exchange completed the audit process, Alibaba will double the main listing on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange.

The announcement shows that the relevant process is expected to take effect by the end of 2022.

It is understood that after Alibaba's two major listing in New York, Hong Kong, the depository stocks listed in the United States and ordinary shares listed in Hong Kong can continue to change each other. Investors can continue to choose one of them to hold Alibaba shares. This will attract more international capital to Hong Kong.

Analysts believe that after the implementation of the two major listing, the pricing of China stocks and US stocks and Hong Kong stocks is independent, which is expected to improve the pricing capacity of the Hong Kong securities market. The increase in liquidity and the improvement of pricing capabilities will help Hong Kong to further consolidate and enhance the status of the international financial center. The choice of two major listing of Chinese stock companies does not affect its listing status in the United States. For a long time, overseas funds have a significant role in the development of Chinese technology companies. A number of Chinese stock companies such as Ali have been listed in the United States, which has also enhanced the global capital of Chinese companies and Chinese markets.

Source: CCTV Finance (ID: cctvyscj)

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