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A XPeng Motor P7 electrical automobile is displayed on the market at Wanda Plaza on Might 9, 2021 in Beijing, China.
VCG | Getty Photos
Xpeng’s Hong Kong shares have been included in a buying and selling hyperlink to mainland China, often known as the Shenzhen-Hong Kong Inventory Join.
The transfer will enable buyers primarily based in mainland China simpler entry to the electrical automotive start-up’s shares, probably permitting the corporate to develop its investor base.
Xpeng’s Hong Kong-listed shares rose as a lot as 11.5% earlier than paring good points. It was about 9% increased in afternoon commerce.
“The inclusion is not going to solely additional develop and diversify our investor base but additionally present the chance for our prospects, companions and EV and know-how buyers in China to take part in our thrilling progress story,” Brian Gu, president of Xpeng, mentioned in an announcement.
The Shenzhen-Hong Kong Inventory Join was launched in 2016 as a method to make it simpler for worldwide buyers to commerce Chinese language mainland-listed shares and buyers in China’s mainland to purchase and promote Hong Kong-listed shares.
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