Loading...
Market
Will Alibaba's market capitalization increase by $20 billion by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Market capitalization data from financial news sources
Story
Alibaba to Join China's Stock Connect Program, Potential $20 Billion Boost
Sep 9, 2024, 12:00 PM
Alibaba Group Holding will be included in China's Stock Connect program, effective Tuesday. This inclusion will allow 200 million mainland Chinese investors to access Alibaba's Hong Kong-listed shares. The Shanghai and Shenzhen stock exchanges will both include Alibaba in their respective Stock Connect schemes, including the Shenzhen-HK Stock Connect. Analysts forecast that this move could boost the market by up to $20 billion, with some estimates suggesting a potential $12 billion increase. The inclusion is expected to quicken capital outflows as mainland China investors have been buying Hong Kong equities at a record pace.
View original story
Similar markets
Increase by more than $20 billion • 25%
Increase by $10 billion to $20 billion • 25%
Increase by less than $10 billion • 25%
Decrease • 25%
Yes • 50%
No • 50%
Below $400 billion • 25%
$400 billion - $500 billion • 25%
$500 billion - $600 billion • 25%
Above $600 billion • 25%
Increase by more than 20% • 25%
Increase by 10%-20% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Yes • 50%
No • 50%
