'Open sesame' for Alibaba IPO investors on NYSE

China's capital management services providers plan to offer vehicles so that Chinese investors can buy shares in Alibaba Group Holding Ltd's initial public offering on the New York Stock Exchange, widely seen as an opportunity for high yields.

Harvest Fund Management Co Ltd said it will introduce services to help China's domestic investors buy stocks offered by Alibaba Group, which is launching its IPO on Aug 8, Shanghai Securities News reported on Thursday.

The vehicle will enable investors to share the yields of the e-commerce giant, according to the Harvest Fund service.