In the context of China-US competition, US-listed China concept stocks companies may find it advantageous to get secondary listings on the Hong Kong or Singapore stock exchange. US companies may also veer towards Singapore and Hong Kong when it comes to international arbitration cases. In the final analysis, will Singapore or Hong Kong have the edge?
In a record listing of 2019, Alibaba’s stock price in Hong Kong rose by 6.6% during its first day of trading on the Hong Kong Stock Exchange. Doing so in the midst of uncertainty in Hong Kong seems risky, but Alibaba’s gambit to reach investors in Asia may just pay off in the long run.