Hong Kong Exchange Gets a Boost as Companies Upgrade Trading Status
(Bloomberg) — Hong Kong’s stock exchange is getting a boost from U.S.-traded Chinese companies seeking to change their trading status in Asia with the goal of luring more investors from the Chinese mainland.
Alibaba Group Holding Ltd. is the latest to join the slew of firms making the change to take advantage of Hong Kong’s Stock Connect link with the Shanghai and Shenzhen exchanges. The e-commerce giant aims to conclude the move by year-end.
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