HKEx Chief Charles Li Tells Alibaba ‘Welcome Home’

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success; In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave; Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round

LATEST: Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round; Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success; Aerofugia Raises Nearly $150 Million to Get Flying Taxis Certified; Alibaba Pledges $432 Million in Lunar New Year AI Subsidy War; In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave; China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations; Chips Drive China’s Electronics Exports; Robots Take the Stage at China’s Spring Festival Gala; Alibaba Unveils New AI Chip to Rival Nvidia’s China Offerings; ASML Expects China Revenue Drop Following Backlog-Fueled Surge; China’s Telecom Industry Stalls as Traditional Revenue Dries Up; TikTok Outage Puts New U.S. Operations to the Test; Moonshot AI Gets More Into Agents With New Model; Texas Doubles Down on China Tech Ban, Adding AI and E-Commerce Giants; Chinese GPU-Maker Challenges Nvidia in Three-Year Development Plan; In Depth: Tencent Bets Its AI Future on 28-Year-Old From OpenAI; Alibaba Sets Sights on ChatGPT and Gemini With New AI Model; China’s AI App Developers Lure New Users With Digital Red Envelopes; StepFun Raises $717 Million, Outpacing Newly Listed AI Rivals; LandSpace Pushes Ahead With $1.1 Billion IPO as Exchange Reviews Application

By Wei Yiyang and Isabelle Li / May 30, 2019 03:15 AM / Finance

Photo: VCG

The Hong Kong stock exchange would be more than happy to welcome Alibaba to Hong Kong for a listing, HKEx Chief Executive Charles Li Xiaojia told media including Caixin Wednesday.

He made the comment in response to recent market news that the Chinese internet giant is considering a second public offering in Hong Kong.

The exchange would of course welcome other Chinese companies listed abroad to “come home and settle down,” Li said.

The HKEx head said he’d hope the e-commerce giant could list in Hong Kong, Shanghai or Shenzhen, which would allow more investors in Asia, especially China, to be involved in trading via its Stock Connect program, a special collaboration connecting the Hong Kong, Shanghai and Shenzhen stock exchanges.

Alibaba is reportedly considering a second public offering in Hong Kong in hopes of raising as much as $20 billion, according to a Bloomberg report. The company declined to comment when Caixin asked for a response.

Share this article

Open WeChat and scan the QR code