Alibaba announces expansion of Hong Kong Stock exchange

Chinese tech heavyweight, Alibaba Group Holding Ltd, announced that the company's shares traded on the Hong Kong bourse have been included in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs on Tuesday.

Eligible investors from the Chinese mainland have direct access to the trading of the company's ordinary shares, the company said.

Alibaba said in an earlier statement that its voluntary conversion of secondary listing to primary listing on the Hong Kong Stock Exchange became effective on Aug 28.

Hangzhou, Zhejiang province-based company is now a dual primary listed company on both the Hong Kong and New York bourses.