Chinese e-commerce giant Alibaba is making Hong Kong a “primary” listing for its shares, paving the way for mainland China investors to trade the stock directly.

The Hong Kong Stock Exchange acknowledged Monday Alibaba’s application to convert locally traded shares to primary listing from the current secondary status, according to a filing. It is expected to take effect by the end of 2022, the document said.

Gaining primary status in Hong Kong would make Alibaba eligible for inclusion in a stock connect program with mainland China. The stock briefly rose more than 2% in Hong Kong trading Tuesday morning.

As a professional sourcing agent from China, we are not simply connect the client to a manufacture, but we would like to provide professional and customized project management service to our valuable client. If you need purchasing agency services from all over the world, and also imports resources from overseas into China, please contact us now.