Exchange NYSE ADR Alibaba (BABA) for Hongkong stock exchange (HKEX) 8899.HK shares.

[TW00100]

Is it possible to buy the HKEX 8899.HK shares on IG? as I can only seem to see the NYSE BABA ADR shares listed.

If BABA was to be delisted from the NYSE due to the Foreign Companies Accountable Act, can/will the BABA shares be exchanges for the 8899.HK version on IG? Or will I have to liquidate and buy on a different exchange?

 

Thanks in advance.

[ArvinIG]

1 hour ago, TW00100 said:

Is it possible to buy the HKEX 8899.HK shares on IG? as I can only seem to see the NYSE BABA ADR shares listed.

If BABA was to be delisted from the NYSE due to the Foreign Companies Accountable Act, can/will the BABA shares be exchanges for the 8899.HK version on IG? Or will I have to liquidate and buy on a different exchange?

 

Thanks in advance.

Hi @TW00100,

Alibaba Group Holding Limited (9988.HK) is available to trade on Leverage accounts. If the shares on NYSE happens to be delisted IG won't be able to book the equivalent of 9988 HK as they are on completely different exchanges. You would likely need to sell the NYSE shares and deal on HK. 

To deal on HK you will need to use a CFD or Spread bet account, therefore you won't posses the shares.

All the best - Arvin