Baidu Group Class A Shares Included in Stock Connect (Southbound) Effective September 7
nashnova research
The Shanghai Stock Exchange on September 4 adjusted the Stock Connect southbound list, confirming Baidu (09888.HK) as a new eligible stock effective September 7 — opening the door for mainland Chinese investors to trade Baidu's Hong Kong shares directly, which should broaden the company's investor base and improve liquidity.
What changed in this adjustment?
The SSE revised the southbound Stock Connect eligible list under its standing rules: 54 stocks added, 15 removed.
New additions include Baidu-W (09888), Qunhe Technology (00068), Tongguan Gold (00340), and Ascletis Pharma-B (01672), among others.
Removals include Mingyard Cloud (00909) and 14 other names. Changes take effect on the next Stock Connect trading day.
What does Baidu's inclusion mean?
Baidu issued a follow-up announcement confirming its Class-A ordinary shares are now eligible under the southbound Stock Connect, effective September 7.
This means → mainland investors can buy and sell Baidu's Hong Kong-listed shares through Stock Connect — a channel linking mainland brokerages to the Hong Kong market — without needing alternative routes.
Baidu called the inclusion "an important step in expanding to mainland Chinese investors," expecting it to diversify its investor base and enhance share liquidity.
What happens to removed stocks?
Stocks dropped from the southbound list lose their eligibility for mainland capital inflows.
In plain terms = mainland funds can no longer buy these shares through Stock Connect; existing holders may sell but cannot add new positions.
This reflects a potential shift in liquidity structure — losing a steady source of buy-side demand may weigh on trading activity.
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