Alibaba recently announced that the board of directors has authorized the company's management to apply for changing its listing status on the main board of the Hong Kong Stock Exchange as the main listing, which is expected to take effect before the end of 2022. Since this year, a number of China concept stocks have achieved Dual Major listings. In the view of analysts, Alibaba, as a company with a large circulating market value, joined the dual main listing camp this time, reflecting the increasingly diversified return mode of China concept shares, which will further enhance the investment attraction of the Hong Kong stock market. The announcement of Alibaba's application for Dual Major listing on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange has attracted market attention. Alibaba announced in the morning of July 26 that the board of directors has authorized the company's management to apply for changing its listing status on the main board of the Hong Kong Stock Exchange as the main listing. Alibaba is currently listed on the second main board of the Hong Kong stock exchange, and will apply for Hong Kong as the main listing place in accordance with the Hong Kong listing rules, which is expected to take effect before the end of 2022. Since this year, the dual main listing method is becoming the main choice for the return of China concept shares. According to the reporter of China Securities News, since this year, many Chinese concept stocks, such as mingchuangyoupin, shell, Zhihu, oneconnect, graffiti intelligence, have achieved Dual Major listings. BiliBili recently announced that the Dual Major listing conversion proposal was approved by the annual general meeting of shareholders and will be implemented in October. The dual main listing mode is favored by China concept shares, which has a great relationship with the advantages of this mode. Yang Xiaofeng, an analyst at Founder Securities, said that for the U.S. stocks, the secondary listing in Hong Kong needs to meet the conditions of listing on a qualified exchange and maintaining a good compliance record during at least two complete fiscal years. Therefore, Dual Major listing or becoming the choice of companies listed for less than two years. For China concept shares that have been listed on the Hong Kong stock exchange for the second time, the rule of changing to Dual Major listing is relatively simple. It is worth noting that at present, no enterprise has been included in the general standard of Hong Kong stocks after its secondary listing in Hong Kong, while three enterprises have been included in the general standard of Hong Kong stocks after landing in Hong Kong stocks through dual major listing, namely, Baiji Shenzhou, Xiaopeng automobile and ideal automobile. Further enhance the attractiveness of Hong Kong stocks in the view of analysts, the mode of the return of China concept stocks is becoming increasingly diversified. Under the aggregation effect of high-quality assets, the allocation attractiveness of the Hong Kong stock market will be further enhanced. Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, believes that, on the one hand, given its size and influence, Alibaba's Dual Major listing in Hong Kong and US stocks will promote the Dual Major listing to become the mainstream model for the return of China concept stocks; On the other hand, the Dual Major listing of Hong Kong stocks and U.S. stocks can play a certain role in resisting external regulatory risks. Tian Lihui further said that Alibaba and other high-quality China concept stocks have received the attention of international capital. The main listing on the main board of the Hong Kong Stock Exchange will drive some international capital to enter the Hong Kong market, further enhance the allocation attractiveness of the Hong Kong stock market, enhance the liquidity of the Hong Kong stock market, and promote the development of the Hong Kong stock market. "We expect that in the future, more Chinese concept stocks will choose to return to Hong Kong stocks in the form of dual primary listing, or change from secondary listing to dual primary listing." Kong Rong, chief analyst of global technology at Tianfeng securities, said, "after these high-quality companies are included in the Hong Kong stock connect, they will attract southbound funds to increase allocation. Under the aggregation effect of high-quality assets, they will further attract global funds to flow into the Hong Kong stock market." (Xinhua News Agency)