Summary by Futu AI
Alibaba Group Holding Limited ("Alibaba Group") announced that its common stocks traded on the Hong Kong Stock Exchange will be included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective September 10, 2024. This move allows qualified investors in mainland China to directly trade Alibaba Group's common stocks. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are trading and mutual access mechanisms between mainland China and Hong Kong stock markets, enabling mainland Chinese investors to trade Hong Kong stocks, and Hong Kong and overseas investors to buy and sell qualified A-shares. The members of Alibaba Group's board of directors include Chairman of the Board, Mr. Tsai Chung Sin, among others, and the company secretary is Mr. Zhang Jinwei. This announcement was made by the company secretary on September 9, 2024.