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Baidu-SW Primary Conversion: Confirmation, Expectation, and the Trade

27 Aug 2026 By Ke Yan, CFA
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Abstract: Baidu announced on 27 Aug 2026 following the EGM and before market open that its dual-primary listing takes effect on 1 Sep 2026. Baidu clears the two WVR first-inclusion thresholds for both market cap and turnover. All five prior conversions saw positive 10-day returns and positive 10-day southbound inflows after Connect ADD.

BIDU (9888 HK) BILIBILI (9626 HK) ZAI LAB (9688 HK) YUM CHINA (9987 HK) ALIBABA (9988 HK) NTES (9999 HK)

Highlighted Stocks

BIDU, BILIBILI, ZAI LAB, YUM CHINA, ALIBABA, NTES

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Report: Baidu-SW Primary Conversion: Confirmation, Expectation, and the Trade
Date: 27 Aug 2026

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