Alibaba (China) to apply for dual primary listing in Hong Kong
https://finance.yahoo.com/news/chinas-alibaba-apply-primary-listing-001845120.html
Precursor - please read linked article and form your own opinion first ok. Tks.
What do you make off this article? Need to find out if there is any apparent difference/s between existing Secondary listing versus Primary listing - for International investors.
If you are not China-citizen, would you be interested in this mentioned statement "change should give mainland China investors easier access to the shares via a link to the Hong Kong bourse known as the Stock Connect"?
On surface seems like it is hoping to tap China investors to buy into Alibaba shares. If so, then hope that take up will be very healthy so that could get rid of it from portfolio for good.
With the rift widening between the 2 Titans and the rigid zero-infection policy in placed, dun feel that there will be much upside to Alibaba nor any of the Chinese or HK shares in the near term.
Coupled with ongoing inflation and perhaps recession in the brewing - not a pretty sight for the near term. Agree?
Haven't even factor in the property/ properties crisis that if not well managed will rupture badly AND the run (stampade more like it) in local banks (Henan) - how rosy is the actual Chinese investment scene is anyone's guess.
There needs to be stability in local economy and world order, in order for individual country stock market to prosper. Based on this factor alone, neither Chinese or HK stock market is up to scratch.
What if international funds dun return to HK (a great possibility now), who is going to lend a helping arm to prop it up? Hmmm... Don't count on me for sure.
Loved to hear your afterthoughts in below Comment section. Like my article? Tks.
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