Changes in Hong Kong stocks | Baidu Group-SW (09888) rose more than 3% to complete Hong Kong's dual major listing on September 1 and enter the countdown to Hong Kong Stock Connect

The Zhitong Finance App learned that Baidu Group - SW (09888) rose more than 3%. As of press release, it had risen 3.3% to HK$93.9, with a turnover of HK$396 million.

According to the news, Baidu Group issued an announcement this morning stating that the company will voluntarily change its secondary listing status on the Hong Kong Stock Exchange to a major listing. The conversion will take effect on September 1, 2026. The company will have dual major listings on the Hong Kong Stock Exchange and NASDAQ from the effective date. According to analysis by market participants, based on past precedents, if Baidu can complete the conversion and take effect before the September 3 inspection day, it is expected to take advantage of this round of the Hong Kong Stock Exchange adjustment window and be officially incorporated as soon as September 7.

According to Baidu's financial report for the second quarter of 2026, the company's core AI-driven business revenue reached 12.5 billion yuan, an increase of 25% over the previous year, accounting for 50% of general business revenue. In the first quarter of this year, that figure was 52%. This means that Baidu's AI-related business has contributed half of general business revenue for two consecutive quarters.