Alibaba's China disconnect a serious blow to Hong Kong

Alibaba's China disconnect a serious blow to Hong Kong

People walk by the Alibaba Group logo. Photo: Bloomberg

The decision to exclude shares of China’s biggest e-commerce company from a cross-border trading link is a blow to Hong Kong. Is it a punishment, or simple self-interest at work? The answer matters, both for the city’s exchange and for Alibaba Group Holding Ltd.

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