Alibaba Group announced that it has added Hong Kong as its main listing as its main listing.land.
Ali issued an announcement on Friday (August 23) stating that it will be listed on the main board of the Hong Kong Stock Exchange on August 28, becoming a company that is doubled in the Hong Kong Stock Exchange and the New York Stock Exchange.
By then, the stock label "S" will be deleted from the company's shares on the Hong Kong Stock Exchange Hong Kong Stock Exchange and the RMB counter.
Announcement stated that the voluntary transformation into dual major listing did not involve the company's new shares issuance or financing.
After the reform of the Hong Kong trading system in 2018, more and more Chinese technology companies have chosen to be listed in the United States and Hong Kong. In terms of transaction mechanism design, most of them are listed in the United States.Secondary Listing mode.In recent years, Dual Primary Listing has gradually replaced the second listing, becoming the mainstream model of China stock market back to Hong Kong.In Zhihu, shells, Xiaopeng, ideal, etc., Chinese stocks have realized the double listing of the United States and Hong Kong.
According to the website of the Hankun Law Firm, the difference between the two listings is that the second listed company is mainly supervised by the regulations and regulators of the major listed jurisdiction and regulatory authorities. Compared with the common first public listing (IPO) In the case of, whether it is listing conditions or continuous maintenance responsibilities after listing, the requirements of the Hong Kong listing rules that must be complied with are relatively loose.In contrast, if you choose the two main listing, it means that the Chinese stocks have the main listing status in the United States and Hong Kong.The requirements for listing rules that must be observed in the Hong Kong Stock Exchange must be observed, including listing conditions and continuous responsibility after listing, which are roughly the same as the requirements for directly IPOs in Hong Kong.
According to the previous report, Ali can continue to convert each other after the double major listing in New York, Hong Kong and New York, Hong Kong, and ordinary shares listed in Hong Kong. Investors can continue to choose one of them as one of them.Hold Ali shares in form.
The report quoted the co -director, researcher Pan and Lin analysis of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Commerce Business School, pointed out that Chinese stocks such as Ali will be transformed into dual listings, making Hong Kong stocks independent independenceThe pricing power is no longer affected by the fluctuations of U.S. stocks.With the double listing of Chinese stocks to Hong Kong, the liquidity and pricing power of Hong Kong stocks have increased, which further enhances its attractiveness to multinational capital.
