Alibaba to Pursue Primary Listing in Hong Kong -- WSJ

Dow Jones2022-07-26

By Jing Yang

HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific.

The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies.

More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms.

The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there.

The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market.

Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about $3.2 billion in the U.S.

Write to Jing Yang at Jing.Yang@wsj.com

$(END)$ Dow Jones Newswires

July 25, 2022 20:16 ET (00:16 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Abu888
2022-07-26
Abu888
Thanks

Leave a comment

1

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2254786783?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-26 08:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2254786783","market":"hk","top_or_hot":-1,"title":"Alibaba to Pursue Primary Listing in Hong Kong -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Jing Yang \n</p>\n<pre>\n \n</pre>\n<p>\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n</p>\n<p>\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n</p>\n<p>\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n</p>\n<p>\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n</p>\n<p>\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n</p>\n<p>\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n</p>\n<p>\n     Write to Jing Yang at Jing.Yang@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 25, 2022 20:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba to Pursue Primary Listing in Hong Kong -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba to Pursue Primary Listing in Hong Kong -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-26 08:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Jing Yang \n</p>\n<pre>\n \n</pre>\n<p>\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n</p>\n<p>\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n</p>\n<p>\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n</p>\n<p>\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n</p>\n<p>\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n</p>\n<p>\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n</p>\n<p>\n     Write to Jing Yang at Jing.Yang@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 25, 2022 20:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4579","symbol_name":"人工智能","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2254786783","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2254786783","pubTimestamp":1658794560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Jing Yang \n\n\n \n\n\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of it","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4579":"人工智能","BK4538":"云计算","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK1502":"双十一","BK1142":"互联网与直销零售","BK1501":"阿里概念股","BK4535":"淡马锡持仓","BK4565":"NFT概念","BK4502":"阿里概念","BK4505":"高瓴资本持仓","BK1588":"回港中概股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK1517":"云办公","BK4581":"高盛持仓","BK1575":"同股不同权","BK1584":"蚂蚁金服概念","BK4526":"热门中概股","BK4503":"景林资产持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK1591":"就地过年概念","BK4524":"宅经济概念","BK1608":"元宇宙概念","BK4527":"明星科技股","BK4122":"互联网与直销零售","BK4558":"双十一","BK4575":"芯片概念","BK1521":"挪威政府全球养老基金持仓","BK1586":"云计算"},"translate_title":"阿里巴巴-SW拟在港首次上市--《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QNETCN":0.6,"END":1},"content_text":"By Jing Yang \n\n\n \n\n\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n\n\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n\n\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n\n\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n\n\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n\n\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n\n\n     Write to Jing Yang at Jing.Yang@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  July 25, 2022 20:16 ET (00:16 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[{"id":9909934750,"gmtCreate":1658797178470,"gmtModify":1676536208905,"author":{"id":"3581658741892979","authorId":"3581658741892979","name":"Abu888","avatar":"https://static.tigerbbs.com/39dfd9ec19b4b4e5c99cbc270b33e932","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3581658741892979","authorIdStr":"3581658741892979"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909934750","repostId":2254786783,"repostType":2,"repost":{"id":"2254786783","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1658794560,"share":"https://ttm.financial/m/news/2254786783?lang=en_US&edition=fundamental","pubTime":"2022-07-26 08:16","market":"hk","language":"en","title":"Alibaba to Pursue Primary Listing in Hong Kong -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2254786783","media":"Dow Jones","summary":"By Jing Yang \n\n\n \n\n\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of it","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Jing Yang \n</p>\n<pre>\n \n</pre>\n<p>\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n</p>\n<p>\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n</p>\n<p>\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n</p>\n<p>\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n</p>\n<p>\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n</p>\n<p>\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n</p>\n<p>\n     Write to Jing Yang at Jing.Yang@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 25, 2022 20:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba to Pursue Primary Listing in Hong Kong -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba to Pursue Primary Listing in Hong Kong -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-26 08:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Jing Yang \n</p>\n<pre>\n \n</pre>\n<p>\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n</p>\n<p>\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n</p>\n<p>\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n</p>\n<p>\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n</p>\n<p>\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n</p>\n<p>\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n</p>\n<p>\n     Write to Jing Yang at Jing.Yang@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 25, 2022 20:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4579":"人工智能","BK4538":"云计算","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK1502":"双十一","BK1142":"互联网与直销零售","BK1501":"阿里概念股","BK4535":"淡马锡持仓","BK4565":"NFT概念","BK4502":"阿里概念","BK4505":"高瓴资本持仓","BK1588":"回港中概股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK1517":"云办公","BK4581":"高盛持仓","BK1575":"同股不同权","BK1584":"蚂蚁金服概念","BK4526":"热门中概股","BK4503":"景林资产持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK1591":"就地过年概念","BK4524":"宅经济概念","BK1608":"元宇宙概念","BK4527":"明星科技股","BK4122":"互联网与直销零售","BK4558":"双十一","BK4575":"芯片概念","BK1521":"挪威政府全球养老基金持仓","BK1586":"云计算"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254786783","content_text":"By Jing Yang \n\n\n \n\n\n     HONG KONG -- Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of the Pacific. \n\n\n     The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies. \n\n\n     More than 250 Chinese companies including Alibaba face mass delistings from the U.S. if the two countries cannot reach a deal for U.S. regulators to inspect the audit papers of Chinese firms. \n\n\n     The new primary listing, which Alibaba expects to complete by the end of this year, also will pave the way for Alibaba's inclusion in Hong Kong's Stock Connect trading link with mainland China, making its stocks accessible to investors there. \n\n\n     The Chinese e-commerce giant listed on the New York Stock Exchange in 2014 and obtained a secondary listing in Hong Kong in 2019. The Hong Kong listing is contingent on the listing status in New York and the shares traded in the two markets are fully fungible. Investors can choose to hold Alibaba shares in either market. \n\n\n     Still, trading in Alibaba shares continues to gravitate toward New York. In the six months ended June 30, Alibaba's average daily trading volume in Hong Kong was approximately $700 million, compared with about  $3.2 billion in the U.S. \n\n\n     Write to Jing Yang at Jing.Yang@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  July 25, 2022 20:16 ET (00:16 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"QNETCN":0.6,"END":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2254786783","isCrawlerRequest":true}