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Benzinga
Benzinga
World
Shanthi Rexaline

Why Alibaba, Other Chinese Firms Could Seek Shifting Primary Listings to Hong Kong

BABA Alibaba Hong Kong Alibaba Group Holding Limited NYSE Bonnie Chan

Alibaba Group Holding Limited (NYSE: BABA) and other U.S.-listed Chinese stocks could convert their secondary listings in Hong Kong to primary, Bloomberg reported on Wednesday, citing the bourse operator's chief executive.

What Happened:  Since dual-listed companies — especially ones with secondary listings in Hong Kong — are currently excluded from the "Stock Connect" scheme with China, it would serve as an incentive to explore primary listings instead, Hong Kong Exchanges and Clearing CEO Nicolas Aguzin said, according to the report.

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