On August 23rd, Alibaba Group announced that it will add Hong Kong as its main listing location and become a company listed on both the Hong Kong Stock Exchange and the New York Stock Exchange on August 28th. According to institutional research reports, the market widely expects Alibaba to meet the conditions for inclusion in the Hong Kong Stock Connect after completing its dual major listing in Hong Kong, and is expected to be included as early as September. Among them, Morgan Stanley predicts in its research report that after being included in the Hong Kong Stock Connect, the proportion of southbound capital holdings may remain stable at over 10% in the long run, which is expected to provide significant incremental support for the company's value.