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Chinese media say Ant Financial may speed up listings and lead Baidu and other companies to list in Hong Kong

2020-01-11T12:08:14.217Z


After the second listing of Alibaba (9988) in Hong Kong, there are some Chinese stocks listed in the United States such as Ctrip and Baidu, and they all intend to list in Hong Kong. However, according to mainland media quoted people close to Hong Kong stocks, Alibaba


Financial news

Written by: Xu Shihao

2020-01-11 20:00

Last updated: 2020-01-11 20:00

After the second listing of Alibaba (9988) in Hong Kong, there are some Chinese stocks listed in the United States such as Ctrip and Baidu, and they all intend to list in Hong Kong. However, according to mainland media quoted people close to Hong Kong stocks, Alibaba's Ant Financial may speed up the pace of listing, and intends to come to Hong Kong for listing, or "climb" Baidu and other companies.

As early as last month, the news said that Ant Financial plans to list in the Mainland and Hong Kong at the same time, but Ant Financial responded that it would not evaluate market rumors. Alibaba currently holds a 33% stake in Ant Financial. Last month Ant Financial announced new personnel adjustments. President Hu Xiaoming became Chief Executive Officer (CEO). Jingxian Dong continued to serve as Ant Financial's chairman. The market was interpreted as Ant Financial. Pave the way for listing.

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Source: hk1

All news articles on 2020-01-11

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