Grain 8, August 23 | Alibaba (9988.HK) closed up 1.22% at HK$82.65. Alibaba announced this morning that it will add Hong Kong as a primary listing venue, set to be listed on the main board of the Hong Kong Stock Exchange's main board on August 28 (next Wednesday), becoming a company with dual primary listings on the Hong Kong Stock Exchange and the NYSE. According to research reports from institutions, after adding Hong Kong as a primary listing venue, Alibaba is expected to meet the inclusion criteria for the Stock Connect program in September. Morgan Stanley recently pointed out that long-term funds see Alibaba's potential inclusion in the Stock Connect as a significant opportunity, but hedge funds note that the relevant issues have been discussed for some time and suggest that the stock price may have already factored in the news. Morgan Stanley stated that long-term funds maintain a cautious optimistic attitude towards Alibaba, believing that the company's market share potential is increasing and valuations are relatively low, but they remain vigilant about past performance and uncertain consumer sentiment. Morgan Stanley maintains an "overweight" rating on Alibaba and a target price of HK$106.
港股阿里巴巴收涨1.22%，宣布28让日完成香港纽约双重主要上市，9月有望被纳入港股通
Hong Kong stocks Alibaba rose 1.22%, announced the completion of a dual primary listing in Hong Kong and New York on the 28th, and it is expected to be included in the Hong Kong Stock Connect in September.
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