Alibaba Shares Included in Shanghai & Shenzhen Stock Connect
Ticker: BBAAY · Form: 6-K · Filed: Sep 9, 2024 · CIK: 1577552
| Field | Detail |
|---|---|
| Company | Alibaba Group Holding Ltd (BBAAY) |
| Form Type | 6-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: stock-connect, market-access, china-hong-kong
TL;DR
Alibaba just got added to the Shanghai & Shenzhen Stock Connect programs, opening up trading to mainland investors.
AI Summary
Alibaba Group Holding Limited announced on September 9, 2024, that its ordinary shares have been included in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs. This inclusion allows for trading of Alibaba's shares between mainland China and Hong Kong.
Why It Matters
This inclusion opens up new avenues for investment and trading for mainland Chinese investors in Alibaba's stock, potentially increasing liquidity and market participation.
Risk Assessment
Risk Level: low — The filing is an announcement of a standard market access program inclusion, not a financial event with inherent risk.
Key Players & Entities
- Alibaba Group Holding Limited (company) — Registrant
- Shanghai-Hong Kong Stock Connect (company) — Program for trading shares
- Shenzhen-Hong Kong Stock Connect (company) — Program for trading shares
- September 9, 2024 (date) — Filing date and announcement date
FAQ
What is the significance of Alibaba's inclusion in the Stock Connect programs?
The inclusion allows for trading of Alibaba's ordinary shares between mainland China and Hong Kong, potentially increasing liquidity and market access for investors.
When was this announcement made?
The announcement was made on September 9, 2024, as part of a Form 6-K filing.
Which specific Stock Connect programs is Alibaba joining?
Alibaba's ordinary shares are included in both the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs.
What type of shares are included in the Stock Connect programs?
Alibaba's ordinary shares are included in the programs.
Where is Alibaba Group Holding Limited's principal executive office located?
Alibaba Group Holding Limited's principal executive offices are located at 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong S.A.R., People's Republic of China.
Filing Stats: 169 words · 1 min read · ~1 pages · Grade level 13.1 · Accepted 2024-09-09 08:43:13
Filing Documents
- tm2423602d1_6k.htm (6-K) — 9KB
- tm2423602d1_ex99-1.htm (EX-99.1) — 9KB
- tm2423602d1_ex99-1img01.jpg (GRAPHIC) — 4KB
- 0001104659-24-097992.txt ( ) — 25KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ALIBABA GROUP HOLDING LIMITED Date: September 9, 2024 By: /s/ Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Company Secretary 3