Asia Tech Wire (Aug 23) -- Alibaba Group announced the addition of Hong Kong as its primary listing in a statement on Friday.

The Chinese tech giant will have its primary listing on the main board of the Hong Kong Stock Exchange on Aug. 28, making it dual primary listed on the Hong Kong Stock Exchange and New York Stock Exchange.

The statement also revealed that Alibaba's dual primary listing in Hong Kong will not involve the issuance or financing of new shares.

Alibaba's shares are now in a secondary listing status in Hong Kong. Earlier, Alibaba experienced a flurry of ups and downs in its quest to convert to a primary listing in Hong Kong.

Stock Connect, the mutual market access program that allows mainland and Hong Kong investors to invest in each other's markets, is likely to include Alibaba after it completes its dual primary listing conversion, which could happen as early as September.

Successful access to Stock Connect would provide Alibaba with the opportunity to further expand its investor base from mainland China and the rest of Asia, boosting the liquidity of Alibaba's Hong Kong-listed shares.