📈 SigmaTrader Blog

Chinese ADRs (American Depositary Receipts) are seeing a strong upward movement in premarket trading today, capturing the attention of investors. This positive momentum is largely driven by significant developments surrounding two major Chinese companies: Alibaba and Bilibili . Alibaba’s Strategic Shift: Opening Doors to Mainland Investors Alibaba is making headlines with its latest strategic move to change its listing status on the Hong Kong Stock Exchange. According to a report from the South China Morning Post, this adjustment will make Alibaba's shares eligible for trading by the 220 million investors in mainland China through the Stock Connect program. The move is still pending approval, but if it goes through, it is expected to significantly boost Alibaba’s trading volume and liquidity. This would be a major step in fulfilling a long-standing goal of allowing domestic Chinese investors to share in the capital gains of one of the country’s most prominent tech giants. The imp...