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Baidu Provides Update on Voluntary Conversion to Dual-Primary Listing on the Main Board of the Hong Kong Stock Exchange
Baidu said the move will make it a dual-primary listed company and require compliance with Hong Kong rules for such issuers.
- Baidu announced yesterday that its Hong Kong secondary listing will convert to a primary listing effective September 1, 2026, while maintaining its Nasdaq Global Select Market presence in the United States.
- Shareholders approved the conversion during an extraordinary general meeting on August 26, 2026; Baidu also adjusted its Audit Committee and Nominating and Corporate Governance Committee to comply with dual-primary issuer requirements.
- The 'S' stock marker will be removed from Baidu's stock short names for both the HKD counter 9888 and the RMB counter 89888 on the Hong Kong Stock Exchange starting September 1, 2026.
- Upon the effective date, Baidu must comply with all Hong Kong Listing Rules applicable to a dual-primary listed issuer, though this conversion involves no new share issuance or fundraising activities.
- Dual-Primary listing enables Baidu to trade in multiple time zones and currencies, potentially increasing the pool of buyers and liquidity while subjecting the company to two sets of exchange rules and disclosure requirements.
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Baidu to make Hong Kong listing primary on Sept. 1 · TechNode
Baidu has announced that it will convert its Hong Kong secondary listing into a primary listing on Sept. 1, giving the company dual-primary listings in Hong Kong and on Nasdaq. The company said the “S” marker will be removed from its Hong Kong dollar- and yuan-denominated stock names once the conversion takes effect. Baidu will also become subject to the rules applicable to dual-primary listed companies in Hong Kong.
LoudounTimes.com+35 Reposted by 35 other sources
Baidu Provides Update on Voluntary Conversion to Dual-Primary Listing on the Main Board of the Hong Kong Stock Exchange
BEIJING, Aug. 26, 2026 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company's voluntary conversion of its secondary…
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Total News Sources37
Leaning Left4Leaning Right4Center24Last UpdatedBias Distribution75% Center
Bias Distribution
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75% Center
13%
C 75%
12%
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