Baidu said in a Hong Kong stock exchange filing on Aug. 27 that it will voluntarily convert its status on the Hong Kong Stock Exchange from secondary listing to primary listing, with the change taking effect on Sept. 1, 2026. From that date, the company will hold a dual primary listing in Hong Kong and on Nasdaq. The filing also said the stock marker “S” will be removed from the company’s stock short names in both the Hong Kong dollar and renminbi counters on the Hong Kong exchange after the conversion becomes effective. According to a report cited from IT Home, Baidu had previously maintained only a secondary listing in Hong Kong, with its listing status tied to Nasdaq in the United States, and it did not meet the requirements for inclusion in Stock Connect. That meant mainland Chinese investors were unable to invest directly through that channel. The report added that if Baidu later secures Stock Connect eligibility, it could help improve trading liquidity, broaden the investor base and give the company more flexibility across the two capital markets.
Baidu said in a filing with the Hong Kong Stock Exchange on Aug. 27 that it has voluntarily decided to convert its status in Hong Kong from a secondary listing to a primary listing. The change will take effect on Sept. 1, 2026.
Once effective, Baidu will have a dual primary listing on the Hong Kong Stock Exchange and Nasdaq.
The filing said the stock marker “S” will be removed from the company’s stock short names in the Hong Kong dollar and renminbi counters on the Hong Kong exchange from Sept. 1, 2026, after the primary conversion takes effect.
According to IT Home, Baidu had previously been listed in Hong Kong only as a secondary listing, with that status tied to its main market listing on Nasdaq in the United States. It also did not qualify for inclusion in Stock Connect, which meant mainland investors could not invest directly through that route.
The report said that if Baidu later obtains Stock Connect eligibility, that could help improve the liquidity of its securities, expand its investor base and give it greater flexibility across the two capital markets.
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