Mainland Investors Drive Surge in Alibabas Hong Kong Stock Debut

For the first time, mainland Chinese investors were able to directly purchase Hong Kong-listed shares of Alibaba Group Holding Ltd., resulting in a significant influx of investment. On the first day, investors purchased $1.1 billion worth of shares through the Stock Connect program, representing approximately half of the day`s trading volume. This led to a 4.2% increase in Alibaba`s share price in Hong Kong. Analysts predict this trend will continue, with mainland investors potentially acquiring a 10% stake in the company.