{"id":1571553,"date":"2022-07-26T11:38:23","date_gmt":"2022-07-26T15:38:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571553"},"modified":"2022-07-26T11:38:34","modified_gmt":"2022-07-26T15:38:34","slug":"reaction-to-alibaba-seeking-dual-primary-listing-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reaction-to-alibaba-seeking-dual-primary-listing-in-hong-kong\/","title":{"rendered":"Reaction to Alibaba seeking dual primary listing in Hong Kong"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freaction-to-alibaba-seeking-dual-primary-listing-in-hong-kong%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571553&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>HONG KONG (Reuters) \u2013     The following are quotes from analysts and lawyers after Alibaba said it would apply for a primary listing in Hong Kong and keep its U.S. listing, the first big firm to take advantage of a rule change in the Asian financial hub.<\/p>\n<p>IVY WONG, CAPITAL MARKETS PRACTICE ASIA PACIFIC CHAIR, BAKER McKENZIE, HONG KONG:<\/p>\n<p>\u201cGiven the geopolitical tensions, new listing regimes for technology companies and cross-border capital market opportunities including various stock connects in recent years, dual listings and homecoming listings have been on the agenda for many U.S. listed companies with substantial operations in China. <\/p>\n<p>\u201cIt enables them to manage any potential regulatory risks and also gain broader investors access.\u201d<\/p>\n<p>NAN LI, PROFESSOR OF FINANCE, SHANGHAI JIAOTONG UNIVERSITY, SHANGHAI:<\/p>\n<p>\u201cGiven the increasing uncertainty due to potential geopolitical conflicts, the COVID-19 pandemic and changes in financial regulations, it is harder for the U.S. investors to evaluate Alibaba, hence it makes sense for Alibaba to get closer to investors in China, who have information advantage and less ambiguity about the fundamental value of Alibaba.\u201d<\/p>\n<p>KENNY NG, ANALYST, EVERBRIGHT SUN HUNG HAI, HONG KONG:<\/p>\n<p>\u201cIf Alibaba is accepted by HKEX for a dual primary listing in Hong Kong, it will reflect to some extent that the mainland\u2019s supervision of Alibaba may be eased, which will boost investor confidence in Alibaba. <\/p>\n<p>\u201cChinese companies currently listed in the United States are facing regulatory pressure in the United States, and Alibaba\u2019s dual primary listing will help it ease the potential pressure of delisting in the United States in the future.\u201d<\/p>\n<p>JOHN CHOI, EXECUTIVE DIRECTOR, DAIWA CAPITAL MARKETS, HONG KONG:<\/p>\n<p>\u201cI wouldn\u2019t quickly jump to the conclusion that this could be a precursor for some ADRs but I do believe it will be a natural move for many of the eligible secondary listed stocks in Hong Kong to move on and apply for the primary listing. This will eventually broaden the investor base and also increase the trading volume for the stock.\u201d<\/p>\n<p>CHELSEY TAM, SENIOR ANALYST, MORNINGSTAR, HONG KONG:<\/p>\n<p>\u201cI think more ADRs may follow suit as it allows them to tap the mainland (China) investor base and reduce risks in delisting in the U.S.\u201d<\/p>\n<p>BRIAN FREITAS, FOUNDER, PERISCOPE ANALYTICS, WHO PUBLISHES ON SMARTKARMA, AUCKLAND:<\/p>\n<p>\u201cInclusion in Stock Connect will give mainland investors access to Alibaba. Given the name recognition and the correction in the stock price over the last year, there is bound to be a lot of interest in the stock.\u201d<\/p>\n<p> (Reporting by Scott Murdoch in Hong Kong and Josh Horwitz in Shanghai; Editing by Sumeet Chatterjee and Kenneth Maxwell)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2730596\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/tagreuters.com2022binary_LYNXMPEI6P0A2-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI6P0A2-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG (Reuters) \u2013 The following are quotes from analysts and lawyers after Alibaba said it would apply for a primary listing in Hong Kong and keep its U.S. listing,<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1571553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1571553"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1571553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1571553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1571553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}