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alibaba's hong kong stocks have been included in the hong kong stock connect since tuesday, and the company's share price has soared amid expectations of more capital inflows from mainland china.

today, alibaba's hong kong stocks rose by nearly 5.2% at one point, the largest intraday gain in three weeks, and ranked among the top gainers in the hang seng technology index.

according to the announcement of the shanghai and shenzhen stock exchanges, alibaba's inclusion in the hong kong stock connect will take effect from tuesday. the company completed the conversion of its main listing in hong kong at the end of last month, creating conditions for this inclusion in the hong kong stock connect.

jefferies analyst thomas chong and others commented in the report that entering the hong kong stock connect is a positive event for alibaba, and the company has recently completed rectification and made a series of progress in interconnection with other companies. according to bloomberg industry research, by 2025, alibaba is expected to attract up to us$20 billion in capital inflows through the shanghai-hong kong stock connect, accounting for 10% of the issued shares.

companies such as zhixing automotive technology and power development, which were also transferred into the hong kong stock connect, also soared in hong kong, while shimao group and sino-ocean group, which were transferred out, fell sharply, with shimao falling by 30% at one point.