Alibaba's voluntary change to primary listing status on HKEX takes effect today

Alibaba announced today (Aug. 28) that the voluntary change of its secondary listing status to a primary listing on the Hong Kong Stock Exchange (HKEX) takes effect.

It is now a company with a dual primary listing on the Hong Kong Stock Exchange and the New York Stock Exchange.

It is expected that Alibaba will fulfill the conditions for inclusion in the Southbound Stock Connect as early as September after the completion of its change of listing status in Hong Kong, according to several industry insiders.

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