Baidu completes dual-primary listing in Hong Kong and Nasdaq

Baidu’s conversion from a secondary listing in Hong Kong to a dual-primary listing on the Hong Kong Stock Exchange and Nasdaq took effect on Sept. The company’s Hong Kong-listed ordinary shares and Nasdaq-listed ADSs will remain convertible. The change brings Baidu under the full set of Hong Kong listing rules for dual-primary issuers and removes the “S” marker from its Hong Kong stock short names.