Official announcement of dual primary listing! Baidu could qualify for inclusion in the Stock Connect program as early as September this year.

Baidu announced in a statement that its board of directors has authorized management to proceed with a voluntary conversion to primary listing status on the Main Board of the Hong Kong Stock Exchange, which is expected to take effect within this year. Upon completion of the relevant procedures, Baidu will achieve dual primary listings in Hong Kong and on Nasdaq. Once effective, the dual primary listing is expected to enhance the liquidity of the company’s securities, broaden its investor base, and provide greater flexibility in accessing both capital markets. Market analysts noted that if the process proceeds smoothly and Baidu meets the eligibility criteria for inclusion in the Stock Connect program, it could be included in the September adjustment window for Southbound trading this year, making Southbound capital an important source of incremental funding.

Gelonghui FinanceJul 16 16:41

Express News | Apollo Go Signs Strategic Cooperation Agreement with Kazakhstani Enterprise

BreakingsJul 16 22:05

Express News | Baidu Inc : JP Morgan Cuts Target Price to $205 From $230

Breakings11:54

JPMorgan: A-share market's 'AI-driven deleveraging' is a healthy correction, not a bubble burst

JPMorgan believes that the recent correction in the A-share AI sector is fundamentally a deleveraging process rather than a deterioration in fundamentals. The decline in margin trading as a share of IT-sector activity, coupled with technology ETFs attracting inflows despite market headwinds, suggests that deleveraging is nearing completion. Balance sheet leverage among U.S. and Chinese cloud giants remains well below levels seen during historical bubble periods, reflecting continued financial strength. Large model iterations and hardware supply constraints are expected to persist through 2028.

wallstreetcn09:29

HKEX Announcement Insight | Unisound Launches U2-Med, the Industry's First Professional Large Model Tailored for Healthcare, Medical Insurance (Including Commercial Insurance), and Pharmaceuticals

Unisound launched U2-Med, the industry's first specialized large language model tailored for the healthcare, medical insurance (including commercial insurance), and pharmaceutical sectors; Luk Fook Holdings reported a 32% year-over-year increase in total retail sales value for the first quarter.

Zhitong Finance08:41

World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record

In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.

wallstreetcn06:40