When Alibaba listed its shares in Hong Kong, 4.75 billion ordinary shares were registered in CCASS, accounting for 22.22% of Alibaba’s total global equity. Temasek had S$306 billion ($214.6 billion) in assets as of March 31. Website: www.interactivebrokers.ie, Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. Ma, Alibaba’s second-largest shareholder, has also cut his stake in the company over the past year to 4.8% from 6.2%, cashing out more than $6.1 billion over eight months since the company launched its secondary listing in Hong Kong. The information generated by the cookie about your use of this website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. An ADS is a US dollar denominated form of equity ownership in a non-US company. Actually, if delisting via HFCAA, BABA can’t be traded OTC. No. They are typically set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. Also, ADRs listed on an exchange must file quarterly results because they are registered with the U.S. Securities and Exchange Commission and are subject to … We want to hear from you. Share now and your friends Trading on margin is only for experienced investors with high risk tolerance. OTC much harder for hedgies to short ADRs. They described in detail the steps of, Stocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds, FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, and MNB, Interactive Brokers lets you convert your Alibaba ADRs to ordinary shares, you can check. In case you were wondering how you can convert your Alibaba ADRs into ordinary Hong Kong shares, we highly believe that both Interactive Brokers and Freedom24 will satisfy your needs. Fidelity can request that your ADR holding be converted to the international stock shares that it represents. We forward the conversion request to the sponsoring bank for processing on your … 4. Hi, welcome to r/investing. Additional information on using the Voluntary Election Tool is available in our knowledge base. ._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} Any holder of an ADR is eligible to request a conversion to ordinary shares, assuming the broker is offering this service. They help us to know which pages are the most and least popular and see how visitors navigate around our website. The second significant difference is that the trading hours of Hong Kong stocks are more convenient for Chinese institutions and investors. Billionaire Jack Ma Pays High Price for Challenging Regulators, Jack Ma Is Stepping Down From Board of Alibaba, Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow, Get exposure for your startup at RISE 2020, CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts, Meet 5 of the best startups selected to represent China at the largest technology event in Asia. We recommend that you check the relevant third parties privacy policy for information about any cookies and web beacons that may be used. Registered Office: 1075 Budapest, Madách Imre út 13-14., Hungary. Still, in a worst-case scenario, a large exodus of Chinese companies would affect investors and reduce competitiveness of the U.S. capital markets, a lawyer who works with an ADR depositary said on condition of anonymity. In my recommendation, go with whichever one has more liquidity. However, if you do decide to disable cookies you may not be able to access some areas of our website or the website may function incorrectly. To facilitate ADS-ordinary share conversion and trading between the NYSE and the Hong Kong … The latest news and quality discussion of Alibaba Group (NYSE:BABA)(HKG:9988), Press J to jump to the feed. You also can trade the OTC in almost all US broker. Generally, cookies may contain information about your Internet Protocol ("IP") addresses, the region or general location where your computer or device is accessing the internet, browser type, operating system and other usage information about the website or your usage of our services, including a history of the pages you view. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. These cookies and web beacons allow us to count visits and traffic sources so we can measure and improve the performance of our site. Headquarters: One Pickwick Plaza, Greenwich, CT 06830 USA Website: www.interactivebrokers.com, Information on Other Interactive Brokers Affiliates, Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. In that scenario, it could still be traded over-the-counter (OTC), but liquidity risk rises as fewer traders are ready to purchase or sell the stock, and the spread between buying and selling prices widens. Phone: +91-22-61289888 | Fax: +91-22-61289898. Conversions into Hong Kong shares could lift index weighting. There’s a relatively low-risk way to gain from Alibaba Group Holding Ltd.’s stock should a rush of passive funds push up its valuation in Hong Kong. Interactive Brokers Group collects information from cookies and web beacons and stores it in an internal database. The Hong Kong stocks performance conference is not only available for brokerage analysts, but also for small shareholders and the media to participate and ask questions. Unlike U.S. stocks, which usually have a conference call for listed companies after the earnings report, many investment bank analysts will ask about relevant financial and operating matters. A spokesman for Singapore's state-owned investor Temasek confirmed that it swapped half of its stake representing 12.1 million shares — worth about $3 billion — to Hong Kong from the U.S., declining to comment further. To access the Voluntary Election Tool, log in to Portal and click the … I have never traded OTC before. Conditions include being able to certify that they aren't under the control of foreign governments and allowing the Public Company Accounting Oversight Board to audit the business. Baillie Gifford, Matthews Asia and Singapore government-owned investment company Temasek Holdings are among the major shareholders that have swapped stakes in the Chinese e-commerce giant to take advantage of new rules easing the switch following Alibaba's listing in Hong Kong last year. Your broker may also charge an additional fee for providing this service and helping facilitate the conversion, and potential fees and taxes might arise due to trading shares on the HKSE. In the process of ADS issuance and cancellation, investors are … ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Phone: +81 (0)3-4588-9700 (On business days from 8:30-17:30 JST). The negative sentiment around Chinese stocks listed in the US has always been present. The trading hours for US stocks are from 9:30 to 16:00 EST, which is 22:30 to 5:00 the next day, Beijing time. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} They do not store personal information that could identify you directly, but are based on uniquely identifying your browser and internet device. %PDF-1.6 %���� H-EN-III-623/2020. Go with which ever one has more liquidity. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Website: www.interactivebrokers.com.sg, URL: www.interactivebrokers.com/en/index.php?f=, www.interactivebrokers.com/en/index.php?f=, Characteristics and Risks of Standardized Options, Security Futures Risk Disclosure Statement, Investment Industry Regulatory Organization of Canada (IIROC), [https://www.fca.org.uk/firms/financial-services-register], Central Bank of Hungary (Magyar Nemzeti Bank), Australian Securities and Investments Commission, The Commodity Futures Association of Japan. will read it for free! Nicholas Yeo, head of China equities at Aberdeen Standard Investments, said his fund, too, is making adjustments. If you do not allow these cookies and web beacons, you will experience less targeted advertising. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. If you convert the cost of buying 1 lot of 9988 stocks to USD, it’ll cost around $2.7k USD. Structured products and fixed income products such as bonds are complex products that are more risky and are not suitable for all investors. These harder-to-measure factors often exert more pull than company executives may realize. Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} I don’t think they will delist baba people seems to not understand, didi is getting delisted because they went IPO after ccp told them to not to, which is very different with baba. Or put options for that matter. To access the Voluntary Election Tool, log in to Portal and click the Conversions tab. Security futures involve a high degree of risk and are not suitable for all investors. Brokers that convert Alibaba ADRs to Hong Kong ordinary shares, converting Russian ADRs to ordinary shares. ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} Customize Settings An increasing number of Chinese mainland companies that have issued shares in international markets are returning to Asia to do secondary listings in Hong Kong. Is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. The conversion process might take up to two business days (depending on Hong Kong and US working hours) following your submission. articles a month for anyone to read, even non-subscribers! , Interactive Brokers charges a commission of $500, a cablewire fee of $17, a redemption fee of $0.05 per share, and any external costs that might arise. To solve our own problem, we created a website that helps investors find, learn and compare the different platforms to save and invest online. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} It escalated following Didi’s delisting from the New York Stock Exchange after only six months of its IPO. For investors who directly purchase Ali Hong Kong stocks, this part of the cost can be saved. Business de l'Entreprise Alibaba Group. . In the process of ADS issuance and cancellation, investors are required to pay a handling fee, and the maximum fee does not exceed $0.05/ADS. These indexes include the benchmark MSCI Emerging Markets Index that many institutional investors use to determine how they should invest outside of the U.S., Europe and Japan. They let you trade newly listed US, EU, and Asian companies at IPO prices, in addition to thousands of trading instruments, including stocks, ETFs, bonds, futures, and options on major global exchanges. Much of that is now held in H-shares in Hong Kong and in its Pacific Tiger Fund, whose lead manager is Sharat Shroff. Before trading security futures, read the Security Futures Risk Disclosure Statement. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Fidelity can request that your ADR holding be converted to the international stock shares that it represents. We forward the conversion request to the sponsoring bank for processing on your behalf. It is then up to the bank to honor the request and complete the conversion. The conversion process typically takes one to two weeks to be completed. Temasek, the investment vehicle owned by the Singapore government, said in September it had swapped half its stake in Alibaba - worth about $3 billion - from the United States to Hong Kong. "Lots of long-term fund managers, especially the ones whose fund managers are based in Asia, are switching or considering switching from ADRs into Hong Kong-listed shares," said Nelson Yan, head of offshore capital markets investment at Creditease Wealth Management (Hong Kong), referring to American depositary receipts. BEIJING — Stock index giant MSCI said Wednesday it is removing the U.S.-listed shares of Alibaba from its global indexes, and replacing them with Alibaba's Hong Kong-traded shares. Interactive Brokers India Pvt. Remember that Alibaba ADRs or HK shares provide the same level of exposure to the Alibaba business group. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} On the downside, they charge a €7 fee per withdrawal. Web beacons are transparent pixel images that are used in collecting information about website usage, e-mail response and tracking. Before trading, please read the Risk Warning and Disclosure Statement. Regarding fees, Freedom24 applies a 3% conversion fee to the value of converted shares at the execution time with a minimum fee of $50. %%EOF I think one of the most relevant question is what would happen to the options (call and puts) people hold in NYSE in case BABA is delisted. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Yet, Alibaba is listed on the Hong Kong stock exchange (HKSE) with the ticker “9988.” Despite the risk of delisting from the NYSE, this does not affect the stocks listed in Hong Kong. As a result, the investors’ conversion from ADRs to HK shares is for precautionary purposes. , which acts as Alibaba depositary in New York): Get in touch with your broker’s customer support requesting the conversion from ADRs to ordinary stock shares, as many brokers do not offer this service. Many investors in Alibaba are choosing to switch from ADRs to Hong Kong-listed shares to avoid potential problems. 2) Important: We have strict political posting guidelines (described here and here). Chinese start-ups have since rushed to list in the U.S. despite political tensions. Please contact the moderators of this subreddit if you have any questions or concerns. 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SHANGHAI (Reuters) - Global fund managers are reducing their holdings in U.S-listed Chinese companies such as Alibaba, Netease and JD.com as risks grow they will be forced off American exchanges, switching instead into shares of the companies listed in Hong Kong. The sales amounted to $1.7 billion for Tsai based on Alibaba’s average stock price during the period. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This website uses the following cookies and web beacons: These cookies are necessary for the website to function and cannot be switched off in our systems. 25% of institutional asset owners considering OCIO in next 24 months – Cerulli, U.S. insurers likely to increase risk tolerance, private assets – Conning, Shift away from globalization seen as an advantage for active management, Sponsored Content: Research for Institutional Money Management, The Institutional Investor’s Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, U.S. official tells endowments to divest Chinese stocks, White House presses railroad pension fund on China investments, Federal Thrift board pauses TSP China investment. Fidelity can request that your ADR holding be converted to the international stock shares that it represents. https://www.caixinglobal.com/2020-11-11/alibaba-stockholders-conv… Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors. “If you take away prominent successful companies from U.S. exchanges, it will make London or Hong Kong or both stronger and will create a perception that now there are possibly better choices than U.S. exchanges.”, (This story corects spelling of scenario in second to last paragraph), Reporting by Samuel Shen and Andrew Galbraith; Additional reporting by Megan Davies in New York; Editing by Vidya Ranganathan and Lincoln Feast. Website: www.interactivebrokers.ca, Is authorised and regulated by the Financial Conduct Authority. h�b```�J�c� cb�FSc�d�b0Qh�c�cq``P�� VR�6Ӏu� �k݇�N]��+��/w��綞��rW��❫~��ev������������㈎F� �@ר10OX�y�X�x��9$(�1Ipj�]`�b�dh]�SAԁ���/� _�X�%0�((�e�@|f����H3}~�_#��. Considering Alibaba’s relatively dispersed shareholding structure, only top shareholder SoftBank would have the capacity if the move involved a single shareholder. Create an account to follow your favorite communities and start taking part in conversations. Website: www.interactivebrokers.com.hk, Is a member of NSE, BSE, SEBI. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations. Its ADRs sank more than 8% amid a broader tech stock retreat. Several of Alibaba Group's biggest investors have converted billions of dollars in U.S. shares for Hong Kong stock in part to avoid potential U.S. sanctions and delistings of major Chinese technology companies. For information on the IBKR ATS, please visit the SEC site. Main Office Don't underestimate such a convenience. Through direct communication with management, well-prepared investors can even get operating information that is not disclosed in the financial report. Fidelity does not charge a fee for the conversion, but the sponsoring bank may charge a processing fee. Performance cookies and web beacons allow us to count visits and traffic sources so we can measure and improve website performance.
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