SHANGHAI: Investors betting on Alibaba Group Holding Ltd’s inclusion in a programme allowing mainland Chinese investors to buy its shares in Hong Kong could be in for a disappointment.
China’s largest e-commerce company, valued at HK$4.56 trillion (US$587bil) in Hong Kong, can’t be included in the stock connect program linking the Asian financial hub with Chinese investors at present, according to people with knowledge of the matter, who asked not to be identified as the discussions are private.
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