Why Chinese Firms Are Upgrading Their Hong Kong Listings

When New York-listed Alibaba Group Holding Ltd. said in July it wanted to change its “secondary” listing status in Hong Kong to “primary,” it wasn’t the first and may not be the last Chinese company to do so. The process is costly and time-consuming but it could make it easier to access a vast pool of capital in the mainland. It also would keep the stock trading if a company is forced to delist in the US.

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