Alibaba will apply for a dual-primary listing on Hong Kong’s stock exchange, in a move analysts say lays the groundwork to grant mainland Chinese investors access to its shares and help minimize disruption if US regulators force it to delist from Wall Street.
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Alibaba moves closer to home with Hong Kong dual-primary listing
“It’s a very smart move to fulfil the requirements of the Chinese [securities regulator] so eventually Alibaba can be included in the Stock Connect, and even if they’re delisted in the US they still have a back-up plan,” said Dickie Wong, head of research at Kingston Securities.
