![]() Market holidays and trading hours provided by Copp Clark Limited. Hong Kong returned to Chinese rule in 1997 when it became a Special Administrative Region (SAR) of the People’s Republic of China. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Hong Kong was later leased to the British for 99 years in 1898. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Aug 1 (Reuters) - Alibaba Group Holding Ltd said on Monday it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was. Your CNN account Log in to your CNN account In the company’s statement, Chairman and CEO Daniel Zhang said the decision was made “in the hopes of fostering a wider and more diversified investor base to share in Alibaba’s growth and future, especially from China and other markets in Asia.” News of the latest public offering sent Alibaba’s shares up 5% in Hong Kong and premarket trade in New York on Tuesday. The firm has had a secondary listing in Hong Kong since 2019, when it joined the slew of Chinese companies holding what were seen as homecoming parades from Wall Street. The company will maintain its activity there and hold dual primary listings once the change is complete, it said. (BABA) already has a primary listing in New York, where its shares have traded on the New York Stock Exchange since a massive IPO in 2014. In a statement Tuesday, the Chinese tech giant said that its board had approved an application to upgrade its Hong Kong stock to a primary listing, which it expects to take place by the end of this year. Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.
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