Alibaba Announces Hong Kong Stock Exchange Expansion

Chinese tech heavyweight Alibaba Group Holding Ltd said on Tuesday that the company’s shares traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.

Eligible investors from mainland China have direct access to trading the company’s common shares, the company said.

Alibaba said in an earlier statement that its voluntary conversion from a secondary to a primary listing on the Hong Kong Stock Exchange took effect on Aug. 28.

The company, based in Hangzhou, Zhejiang province, is now a publicly traded company in Hong Kong and New York.