The Hong Kong listing, however, is different. The roughly $13 billion in shares sold on the Hong Kong Stock Exchange provide direct ownership. There are still some VIE concerns (many of the company’s assets are held in those structures) but from a shareholder standpoint, a key risk relative to Alibaba stock is removed. In this process, investors would swap their ADR for their stock in Hong Kong. To an extent, the concern over Chinese ADRs is justified. In a separate statement, a spokesman confirmed that Vanguard would also close in Japan, and shift its primary office in Asia to Shanghai. MSCI to swap Alibaba's New York shares with Hong Kong in stock … Along with a range of strategic benefits, there is comfort and satisfaction in a homecoming. Arbitraging the shares -- … Website: www.interactivebrokers.com.hk. Ltd. Is a member of NSE, BSE, … For example, the company Fiat SPA Torino, in Italy would trade under symbol F:IT for its ordinary shares. 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. ADR Conversions | Interactive Brokers LLC In connection with the Alibaba Hong Kong IPO, Alibaba has established a branch share register in Hong Kong in addition to its principal share register in the Cayman Islands. level 1. The Complete List of Hong Kong ADRs | TopForeignStocks.com The company is not issuing new shares, but US ADR investors can convert their US share class to the new Hong Kong share class. You can call your broker or speak with a representative at the depository bank and request that your ADRs be converted into ordinary stock shares. … Along with a range of strategic benefits, there is comfort and satisfaction in a homecoming. Hong Kong managed a small gain as volume increased +7.34% from Friday, which is only 78% of the 1-year average while breadth was decent as advancers outpaced decliners by 3 to 2. In fact, early trading in Hong Kong shows that investors basically don’t care. 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. How to Convert