Reported 29 days ago
Mainland Chinese investors have turned their attention to Alibaba Group as its Hong Kong-listed stock became accessible to them through the Stock Connect program, culminating in an impressive HK$8.5 billion ($1.1 billion) in shares purchased on the first day. Following this surge, Alibaba shares rose 4.2% in Hong Kong, and analysts predict that inflows could reach $20 billion, giving mainland investors approximately a 10% stake in the company.
Source: YAHOO