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Alibaba Blocked From Hong Kong Stock Link to China

  • An earlier accord between China and Hong Kong bars the option
  • Investors had counted on Alibaba being included in the program
Daniel Zhang, chairman and chief executive officer of Alibaba Group Holding Ltd., center, speaks during the company's listing ceremony at the Hong Kong Stock Exchange in Hong Kong on Nov. 26, 2019.

Daniel Zhang, chairman and chief executive officer of Alibaba Group Holding Ltd., center, speaks during the company's listing ceremony at the Hong Kong Stock Exchange in Hong Kong on Nov. 26, 2019.

Photographer: Paul Yeung/Bloomberg
Updated on

Investors betting on Alibaba Group Holding Ltd.’s inclusion in a program allowing mainland Chinese investors to buy its shares in Hong Kong could be in for a disappointment.

China’s largest e-commerce company, valued at HK$4.56 trillion ($587 billion) in Hong Kong, can’t be included in the stock connect program linking the Asian financial hub with Chinese investors at present, according to people with knowledge of the matter, who asked not to be identified as the discussions are private.