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HomeAutomobileXpeng shares soar as EV maker joins Shenzhen-Hong Kong Inventory Join

Xpeng shares soar as EV maker joins Shenzhen-Hong Kong Inventory Join

A XPeng Motor P7 electrical car is displayed on the market at Wanda Plaza on Might 9, 2021 in Beijing, China.

VCG | Getty Pictures

Xpeng’s Hong Kong shares have been included in a buying and selling hyperlink to mainland China, generally known as the Shenzhen-Hong Kong Inventory Join.

The transfer will enable traders primarily based in mainland China simpler entry to the electrical automobile start-up’s shares, doubtlessly permitting the corporate to broaden its investor base.

Xpeng’s Hong Kong-listed shares rose as a lot as 11.5% earlier than paring positive aspects. It was about 9% greater in afternoon commerce.

“The inclusion is not going to solely additional broaden and diversify our investor base but in addition present the chance for our clients, companions and EV and expertise traders in China to take part in our thrilling development story,” Brian Gu, president of Xpeng, mentioned in a press release.

The Shenzhen-Hong Kong Inventory Join was launched in 2016 as a solution to make it simpler for worldwide traders to commerce Chinese language mainland-listed shares and traders in China’s mainland to purchase and promote Hong Kong-listed shares.

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