HKEx meets in Thursday to seek partner system consensus

Sina Financial News September 23, according to Hong Kong media reports, Alibaba [Weibo] this year can be landed in Hong Kong, will enter a key week. The message refers to the Hong Kong Exchange (388) meeting held in Thursday again on the issue of Ali application for listing in Hong Kong, that is, founder Ma Yun [micro-blog] to safeguard the rights of the partner system, seek preliminary clarification of principle of consensus (preliminary clearing).　　If the consensus cannot be reached, Ali will officially close the door this year. It is understood that so far, the regulator has not been interested in Mr Ma's partner system "green light", the parties, such as Ali, the investment bank and the HKEx, are still making final efforts, but if they fail to submit their applications before the "pass" in Thursday and before the "dead Line" in Monday (30th), Ali will have to list in Hong Kong this year,　　is almost equal to zero.　　To synthesize the information of the parties, it is indeed difficult for Ali to have a successful listing in the year, especially in Thursday, when there is a preliminary principle to clarify the consensus, but the message is that if necessary, even if there is no conclusion in the Thursday meeting, any discussion will be flexible and sustainable, as long as it is "people" and a special meeting or According to Alibaba and Yahoo signed an agreement last year, if Ali conditional on a successful listing by the end of 2015, can have the right to buy back the remaining shares held by Yahoo.　　In response, the spokesman reiterated that the group had not yet decided on the timetable, location and underwriter of the listing.　　Although Mr Ma's "Showdown" with Hong Kong's regulators through Weibo earlier, it is understood that he has not interrupted his communication with investment banks and HKEx, he has continued to seek the possibility of listing in Hong Kong.　　People familiar with the market point out that although the Commissioner has been only a "mapping", investment banks and HKEx have been hoping that the Arisian will continue to seek solutions in the course of the application, but so far there is no final decision.　　Sponsor in the next month, the new example of death line although the company has no market-driven, even less anxious to be listed 2015 years ago, but it is understood that Ali at the beginning of this year did set the target of the listing, in addition to the purchase of shares, the group also expects a big increase in performance this year, the listing this year will be very favorable valuation. However, the new sponsor's supervision ordinance, which will come into effect next month 1st, is a "dead line" for Ali to be listed this year. According to the new example, in order to avoid the sponsor of the new listed companies lack of understanding, starting from October 1, all new listed companies must appoint a sponsor two months prior to the application, meaning that once Ali fails to submit an application by the end of this month, even if the sponsor is appointed immediately on October 1, the fastest time will be to wait until December before the paper can be applied for listing.　　So Joari did not submit an application before the end of this month, and the hopes of listing during the year were largely dashed.　　Ali's failure to enter the paper the discussion according to close to the regulatory body news, Ali and the regulator has been only in the "mapping" stage, because the other party has not formally filed for listing, according to normal procedures, the SFC can not participate in the discussion, unless the other party formally into the paper, it is impossible to participate in practical discussions. In fact, according to theYahoo's deal, if Alibaba intends to market in 2015, MA Yun only the United States, Hong Kong and China Three options, which China does not consider, and Mr Ma insisted that the partnership system, in the NYSE or NASDAQ [micro-blog] also has no precedent, meaning that Alibaba once cannot be listed in Hong Kong, is considered "plan B" America is equally hard to be optimistic about.