Baidu (NASDAQ: BIDU) Stock Connect inclusion has taken effect through both the Shenzhen-Hong Kong and Shanghai-Hong Kong programs, the company said Monday. The change makes Baidu’s Hong Kong-listed Class A ordinary shares available for trading by eligible investors in mainland China through the two cross-border channels.
Baidu said the Shenzhen program addition became effective Sept. 7, Beijing time, alongside the previously disclosed Shanghai program addition. In a company announcement, Baidu identified its Hong Kong trading counters as 9888 for the Hong Kong-dollar counter and 89888 for the renminbi counter. Its U.S.-listed American depositary shares trade on Nasdaq under BIDU.
Baidu Stock Connect Inclusion Broadens Mainland Trading Access
The Stock Connect arrangements link Hong Kong with the Shanghai and Shenzhen exchanges, allowing qualifying investors to trade designated securities in the other market through local brokers. Baidu said the Shenzhen addition followed an eligibility-list adjustment announced by the Shenzhen Stock Exchange.
The company said access through both links could broaden its mainland investor base and support trading liquidity in its shares. Those potential effects are Baidu’s expectations and are not assurances of future market activity or share performance.
Baidu was founded in 2000 and operates internet and artificial-intelligence businesses. The company said one of its ADSs represents eight Class A ordinary shares.
