Alibaba Joins China's Stock Connect, Eyes Billions In Investment Boost

Quick Summary:

Alibaba Group Holding (NYSE:BABA) is set to join China’s Stock Connect program, allowing approximately 200 million mainland-based investors to invest in the $400 billion e-commerce company.

The company’s shares will be part of the southbound channel of the Stock Connect initiative starting Tuesday, SCMP cites Shanghai and Shenzhen stock exchanges.

The inclusion will open Alibaba’s Hong Kong-listed shares to onshore traders, which has the potential to enhance investor access and drive capital inflows significantly.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaHong Kong

Topics: Emerging Markets BABA Benzinga Top Stories Stories That Matter AI Generated PNQI TCEHY US73935X1467 News XIACF Tech XNTK XIACY Briefs Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 16:47:28 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 274 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22427997

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