News Snapshot:
As the first significant business to take advantage of a rule change in the financial centre to entice high-tech Chinese enterprises, Alibaba intends to expand its footprint in Hong Kong by adding a primary listing there to its current one in New York and target investors in mainland China. The audit dispute between China and the United States, which threatens to expel hundreds of Chinese businesses listed in New York, is also present in the background. Analysts predicted that the modification will make it simpler for mainland Chinese investors to purchase shares through the Stock Connect, a connection to the...
