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A Study on the Reasons and Effects of the Second Listing of Chinese Concept Stocks Base on Alibaba
- 1 Harbin University of Science and Technology
* Author to whom correspondence should be addressed.
Abstract
With the stricter regulation of the US capital market, Chinese concept stocks are facing severe challenges, and the frequent short selling events have made the situation for Chinese concept stocks even more difficult. In the foreseeable future, more and more Chinese concept stocks will choose to return. At the same time, with the improvement of China's openness to the outside world and the continuous improvement of the capital market system, the ways of returning Chinese concept stocks are gradually diversified. In 2018, the listing rules issued by the Hong Kong Stock Exchange introduced two new regulations, namely allowing the same stock to have different rights and allowing Hong Kong to be a secondary listing location. The latter undoubtedly provides a new solution for the return of Chinese concept stocks. This article mainly conducts relevant research on secondary listings. Therefore, this article takes Alibaba, the first company to be listed in Hong Kong as an example, and uses case study, literature analysis, and comparative analysis methods to study the motives and economic consequences of its second listing, it considers the motivation of the case company from both internal and external factors; Then, the focus was on analyzing the changes in financial indicators of the case company after going public, as well as its performance in non-financial indicators; Finally, it draws conclusions and provides recommendations.
Keywords
Chinese concept stocks, second listing, motivation, financial performance
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Cite this article
Yan,S. (2024). A Study on the Reasons and Effects of the Second Listing of Chinese Concept Stocks Base on Alibaba. Advances in Economics, Management and Political Sciences,57,242-252.
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Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
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