IS ALIBABA STOCK CONNECT READY TO LAUNCH FOR MAINLAND INVESTORS ?

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2023-03-22

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Chinese tech giant Alibaba (NYSE:BABA) and Yum China (NYSE:YUMC), operator of KFC and Pizza Hut restaurants in China, have already applied for such upgrades, meaning their stocks could get a boost when that’s complete and they are included in the program. That pair are arguably two of the biggest Chinese corporate names that are currently inaccessible to most mainland-based investors.

Goldman Sachs estimates such mainland-based investors offer close to $30 billion of potential net buying for a group of 16 Chinese companies that could become eligible for Connect if they upgrade their current “secondary” listing status to “dual primary


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