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securities times e-company news,alibaba officially completed its dual primary listing in hong kong on august 28.

recently, alibaba disclosed that as of august 28, alibaba co-founder and chairman joseph tsai held 276.75 million shares of the company, accounting for about 1.44%. according to previous disclosures, as of may 20, joseph tsai held 275.30 million shares of alibaba.in the past four months, tsai chongxin has increased his holdings in alibaba by approximately 1.45 million shares.

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on august 28, alibaba group released an important announcement, which attracted market attention. according to the announcement, alibaba officially became a company with dual primary listings on the hong kong stock exchange and the new york stock exchange.

on september 9, the shanghai stock exchange and the shenzhen stock exchange issued an announcement to adjust the list of securities eligible for the hong kong stock connect.alibaba was officially included in the hong kong stock connect.effective from september 10, 2024, this means that southbound funds will be able to purchase alibaba through the hong kong stock connect.

on september 4, the hang seng index added a new fast inclusion rule for the hong kong stock connect index. securities that are eligible for southbound interconnection trading by converting from secondary listing to primary or dual primary listing will be included in the index in the next regular monthly adjustment if their closing total market value ranks in the top 10 among the existing constituent stocks. alibaba, which completed dual primary listings on the new york stock exchange and the hong kong stock exchange on august 28, became the first beneficiary of the new rule.

since the dual primary listing, institutions have been optimistic about the prospect of alibaba's inclusion in the hong kong stock connect. morgan stanley's research report pointed out that in the long run, the proportion of southbound funds holding shares may stabilize at more than 10%. goldman sachs' research report predicts that southbound funds will bring alibaba a potential capital inflow of us$15 billion to us$16 billion.

on the market, as of the close of hong kong stocks on september 13, alibaba's share price fell 0.54% to close at hk$82.75 per share, with a total market value of hk$1.6 trillion. since september 9, alibaba's hong kong stock price has risen by 3.7%.

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