Baidu plans dual-primary listing on Hong Kong Stock Exchange to boost liquidity and investor base.

Baidu's board has approved a plan to convert to a dual-primary listing on the Hong Kong Stock Exchange's Main Board, alongside its existing Nasdaq listing. This move aims to enhance the liquidity of Baidu's shares, broaden its investor base, and provide greater capital market access flexibility. The conversion is expected to be completed within 2026, subject to market conditions and regulatory approvals. Baidu will continue trading its Class A ordinary shares and American depositary shares on both exchanges, maintaining their mutual fungibility.