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: Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO; U.S. Appeals Court Orders Review of Pentagon’s DJI Designation; Alibaba to Sell Gaming Unit as It Sharpens AI Focus

LATEST: U.S. Appeals Court Orders Review of Pentagon’s DJI Designation; Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO; Alibaba to Sell Gaming Unit as It Sharpens AI Focus; China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market; Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results; Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI; DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%; Tencent Shares Fall as AI Spending Squeezes Profit; Honor’s New Smartphone Doubles as a Robotic Camera Operator; YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market; ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up; U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties; Manus Cuts Ties With Meta as Tencent Emerges as Top Backer; Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters; Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem; Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push; Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut; ByteDance Accepts AI Gap, Sticks With In-House Models; MiniMax Shares Surge After Joining Hong Kong Stock Connect; Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars

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