Baidu becomes dual-primary listed on the Hong Kong Stock Exchange and Nasdaq

Baidu (9888) said that its conversion of the secondary listing status to a dual primary listing status on The Stock Exchange of Hong Kong became effective on Tuesday.

The company is now a dual primary listed company on the Hong Kong Stock Exchange and the Nasdaq Global Select Market, according to an exchange filing.

Baidu's ordinary shares listed on the Hong Kong Stock Exchange and its American depositary shares listed on the Nasdaq Global Select Market will continue to be fungible, the tech firm said.

Baidu chief financial officer Henry He Haijian said in a Bloomberg program that Baidu is expected to be included in the Southbound Stock Connect in the next few days or about a week.

The next adjustment window will be early September, He said, adding that Baidu will qualify for most of the criteria, so the effectiveness of the addition to the stock connect will be very soon.

He also estimated that there will be an additional 10 percent to 15 percent fund flow into Baidu's stocks.

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