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Will Alibaba's market cap increase by $12 billion by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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Story
Alibaba Shares Surge 5.2% in Hong Kong as It Joins China's Stock Connect Program
Sep 10, 2024, 01:55 AM
Alibaba Group Holding Ltd. has been officially included in China's Stock Connect program, allowing its shares to be accessible to mainland Chinese investors. This inclusion covers both the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes. Starting Tuesday, 200 million mainland investors can now trade Alibaba's Hong Kong-listed shares. Analysts forecast this move could potentially boost the market by up to $12 billion, with Morgan Stanley estimating net southbound capital inflows of $17 billion to $37 billion over the next year. Following the announcement, Alibaba's shares surged by as much as 5.2% in Hong Kong, with a 4.2% rise noted after the stock upgraded its Hong Kong listing to primary status. The inclusion is expected to enhance capital inflows and investor interest in Alibaba, which has already seen a significant increase in trading volume.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by more than 10% • 25%
Below $400 billion • 25%
$400 billion - $500 billion • 25%
$500 billion - $600 billion • 25%
Above $600 billion • 25%