Baidu plans to complete its second listing in Hong Kong by the end of this year

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 Baidu plans to complete its second listing in Hong Kong by the end of this year


In August 2005, baidu successfully listed on NASDAQ. In January this year, baidu was reported to be interested in going to Hong Kong for a second listing, and conducted an internal evaluation, but Baidu has not responded to relevant news.

In April this year, it was reported that the secondary listing process of Baidu and Ctrip in Hong Kong was advancing rapidly, but there was no result. Around the US side, tightening the control over Chinas stock taking companies, in May 21st, Baidu Inc chairman Robin Li said, we are constantly discussing what we can do, including the two listing in Hongkong and other places.

Previously, the HKEx said, we have never commented on individual stocks. The Hong Kong Stock Exchange welcomes all companies that comply with the listing rules to list in Hong Kong.

The secondary listing of China capital stock needs to meet certain conditions. According to the rules of the Hong Kong stock exchange, the secondary listed companies must first be listed on the British and American markets and maintain a good compliance record for at least two years. Secondly, the market value shall not be less than HK $40 billion, or the market value shall not be less than HK $10 billion, but the earnings in the latest year shall be at least HK $1 billion.

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