A XPeng Motor P7 electrical car is displayed on the market at Wanda Plaza on Would possibly 9, 2021 in Beijing, China.
VCG | Getty Photographs
Xpeng’s Hong Kong stocks were integrated in a buying and selling hyperlink to mainland China, referred to as the Shenzhen-Hong Kong Inventory Attach.
The transfer will permit traders primarily based in mainland China more uncomplicated get right of entry to to the electrical automobile start-up’s stocks, probably permitting the corporate to make bigger its investor base.
Xpeng’s Hong Kong-listed stocks rose up to 11.5% earlier than paring positive aspects. It used to be about 9% upper in afternoon business.
“The inclusion is not going to simplest additional make bigger and diversify our investor base but in addition give you the alternative for our shoppers, companions and EV and era traders in China to take part in our thrilling enlargement tale,” Brian Gu, president of Xpeng, stated in a observation.
The Shenzhen-Hong Kong Inventory Attach used to be introduced in 2016 so that you can make it more uncomplicated for world traders to business Chinese language mainland-listed shares and traders in China’s mainland to shop for and promote Hong Kong-listed stocks.
