🇺🇸 SECBaidu, Inc.Codex · 实盘可交易 · 做多市场:港股▼ 亏 -6.25% · 已结算把握 5/10
北京时间·🕒 发布 20:55:49·⟳ 抓取 20:57:01 +1m12s·⚡ 决策 09-04 23:19:26 +2h22m·52.9 天前
百度港股将于9月7日起纳入沪港通港股通
事件为一手披露且对港股交易载体有直接资金流改善；但属于预期内的双重主要上市后港股通落地，基本面增量有限，因此仅给小仓、限价、不追高结构。
📄 原文Baidu, Inc.↗ 原文
----- d947999d6k.htm ----- 6-K 1 d947999d6k.htm FORM 6-K Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASH…
▼ 亏 -6.25%入场 09-07 开盘 @97.65 → 离场 09-08 开盘 @92.10
日 K 取自复盘打分切片 · 蓝点/蓝虚线 = 纸面入场价 · 灰虚线 = 纸面离场 · 持有期红底 = 赚(价格在入场线上方)、绿底 = 亏
💡 交易逻辑港股通新纳入，南向资金流仍有edge
怎么买 限价买入 不高于昨收 +3%、2 个交易日内有效
怎么卖 止盈 +4%(半仓)/+8%(清仓) · 止损 -4% · 时间止损 3日
不做 百度（BIDU.US）
本次资金流催化直接作用于港股通下的百度集团-W（9888.HK），美股ADS已在信号后盘中交易且缺少实时价格约束，不作为主交易腿。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
分时走势
做多 09888.HK 百度集团-W
建仓日早于近 30 天,只有日线图
成交明细 · 纸面
做多 09888.HK 百度集团-W
| 收益状态 | -6.25% 已平仓 |
|---|---|
| 进场成交 | 2026-09-07 · 开盘 · @97.65 |
| 离场成交 | 2026-09-08 · 开盘 · @92.1 |
| 毛收益 | -5.68% |
| 成本 | +0.56% |
| 净收益 | -6.25% |
| 计入收益 | -6.25% |
| 计入 | 同日重复,不计入曲线 |
| 建仓日 | 2026-09-07 · 进场不早于新闻时刻 + 2 分钟 |
收益口径 event_time_plus_2min_10min_walk_open_topup_to_next_open_exchange_calendar_fill_model_local_notional_v9 · method_id m8db1cbc8f2d · 截至 2026-10-27 19:49
研究档案
结论摘要
百度公告其港股Class A普通股将于2026年9月7日起纳入沪港通港股通，允许符合条件的内地投资者直接买入。该事件不改变收入或利润，但会扩大投资者基础并提升流动性；阿里巴巴2024年纳入港股通首日有正反馈，但百度同类催化可能部分被此前双重主要上市预期消化。结论是只在港股下一交易日涨幅受控时小仓做多百度集团-W（9888.HK），不追高。
消息传播链
- 百度提交6-K，附件新闻稿披露其港股Class A普通股将于2026年9月7日纳入沪港通港股通。
- 百度IR同日发布新闻稿，确认纳入依据为上交所9月4日港股通标的调整通知。
- 港交所港股通合资格证券页面显示清单于2026年9月4日更新，可用于交叉核实名单调整背景。
- 财经媒体报道上交所调整港股通名单，百度集团-W等54只股票被调入，15只被调出。
关键理由
- 港股通纳入直接打开南向资金入口，短线增量主要来自资金流和流动性改善而非盈利上修。
- 公司一手披露和上交所规则背景相互印证，生效日为2026年9月7日，催化时点清晰。
- 可比的阿里巴巴纳入港股通首日港股上涨约4%，说明大市值中概港股仍可能出现短线资金流重估。
主要风险
- 该纳入是双重主要上市后的可预期后续步骤，部分投资者可能已在8月31日双重主要上市落地时提前交易。
- 若9月7日高开超过限价或南向净买入不及预期，资金流催化容易变成高开低走。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-31 · 影响 weakens
百度此前已公告完成香港双重主要上市，港股通纳入具备可预期性，削弱事件预期差。
检索:Baidu dual primary listing Stock Connect expected inclusion August 2026 原文 ↗ - 做多前查反向 · 来源 web · 日期 2024-09-10 · 影响 weakens
Reuters报道中提到虽有大额流入估算，但部分机构认为股价反应相对温和，提示港股通纳入不必然带来大幅重估。
检索:Alibaba Stock Connect UBS muted reaction mainland inflow estimates 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例支持做多方向，但因百度事件可预期性较高、样本不足，仓位降为small并设置不追高限价。
方向:高相似样本偏正向，尤其正式纳入生效日容易带来南向资金关注；但样本少且依赖大市环境。
涨幅量级:唯一高相似阿里巴巴首日约4%上涨，只能支持小幅短线目标，不能外推成连续大行情。
形态:正式纳入强于仅宣布双重主要上市；若生效日资金流不兑现，容易变成见光后回落。
历史先例(按相似度)
- 相似度 8/10 9988 2024-09-10 阿里巴巴获纳入沪深港股通后，港股首个可交易日上涨约4.2%，成交额显著放大。 原文 ↗
测阿里巴巴-W（9988.HK）纳入港股通后首日港股表现
⚠来源层级不符(声明wire/实为media) — 该行涨幅别用来定止盈止损
相似度依据:同为中概互联网大市值公司由双重主要上市后纳入港股通，机制和资金流入口高度相似。
经验:港股通纳入首日可能带来成交放大和约4%左右的正反馈，但反应通常集中在生效首日。 - 相似度 7/10 9988 2024-09-10 JPMorgan后续称阿里巴巴首日吸收港股南向净流入的大部分，成交额升至约三倍。 原文 ↗
测阿里巴巴-W（9988.HK）纳入后首日南向资金和成交变化
⚠非首发(转载/聚合)·来源层级不符(声明media/实为aggregator) — 该行涨幅别用来定止盈止损
相似度依据:同为港股通新增带来的南向资金流事件，但阿里巴巴关注度和资金流预期强于百度。
经验:市场会看首日南向净流入占比，资金流兑现强则可延续，兑现弱则容易回落。 - 相似度 5/10 9626 2022-10-03 哔哩哔哩宣布双重主要上市生效时，股价未因未来港股通可能性上涨。 原文 ↗
测哔哩哔哩-W（9626.HK）双重主要上市相关阶段表现
相似度依据:同为WVR中概公司转双重主要上市后争取港股通资格，但事件锚在双重主要上市而非实际纳入生效。
经验:仅有双重主要上市或未来可能纳入港股通时，市场不一定正向交易。
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原文全文
展开原文 · 9,170 字
----- d947999d6k.htm -----
6-K
1
d947999d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number:
000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form 20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press Release—Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect Program
99.2
Voluntary Announcement—Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BAIDU, INC.
By
:
/s/ Haijian He
Name
:
Haijian He
Title
:
Chief Financial Officer
Date: September 4, 2026
----- d947999dex991.htm -----
EX-99.1
2
d947999dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect Program
BEIJING, China, September 4, 2026 – Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and
89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company’s Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) will be
included in the Shanghai-Hong Kong Stock Connect program, effective September 7, 2026.
The inclusion is pursuant to the Notice of the Adjustment of
the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect issued by the Shanghai Stock Exchange on September 4, 2026.
Following the inclusion, eligible investors in the Chinese Mainland will have direct access to the trading of Baidu’s Class A ordinary shares
through the Shanghai-Hong Kong Stock Connect. The inclusion marks an important step toward expanding the Company’s reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its
shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating
long-term value for shareholders.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a
two-way
trading link between the Shanghai Stock Exchange and the
Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible
A-shares
(Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet
foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements.
Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in
press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and
expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including
but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search
and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including
those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and
Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form
20-F
and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under
applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
SOURCE Baidu, Inc.
Investor Relations, Baidu, Inc., Tel:
+86-10-5992-8888,
Email: ir@baidu.com
----- d947999dex992.htm -----
EX-99.2
3
d947999dex992.htm
EX-99.2
EX-99.2
Exhibit 99.2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary shares. Each Class A
ordinary share entitles the holder to exercise one vote, and each Class B ordinary share entitles the holder to exercise 10 votes, respectively, on all matters subject to the vote at general meetings of the Company. Shareholders and prospective
investors should be aware of the potential risks of investing in a company with a weighted voting rights structure. Our American depositary shares, each representing eight of our Class A ordinary shares, are listed on Nasdaq in the United
States under the symbol BIDU.
Baidu, Inc.
百度集團股份有限公司
(A company controlled through weighted voting rights and incorporated in the
Cayman Islands with limited liability)
(Stock Codes: 9888 (HKD counter) and 89888 (RMB counter))
VOLUNTARY ANNOUNCEMENT
BAIDU ANNOUNCES UPCOMING INCLUSION OF
ITS CLASS A ORDINARY SHARES
IN THE SHANGHAI-HONG KONG STOCK CONNECT
This announcement is made by Baidu, Inc. (the “
Company
”) on a voluntary basis to provide its shareholders and potential investors with
information in relation to the latest development of the Company.
The Company is pleased to announce that the Class A ordinary shares of the Company
have been included as eligible stocks under the Shanghai-Hong Kong Stock Connect with effect from September 7, 2026, pursuant to
《關於滬港通下港股通標的調整的通知》
(Notice of the Adjustment of the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect*) issued by the Shanghai Stock Exchange on September 4, 2026.
The Company believes that its inclusion in the Shanghai-Hong Kong Stock Connect marks an important step toward expanding the Company’s reach among
Chinese Mainland investors. The inclusion is expected to further diversify its investor base and enhance the liquidity of its shares.
The Company would
like to thank the continued support of its shareholders and investors and remains committed to executing its long-term strategy, driving sustainable growth and creating long-term value for its shareholders.
1
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the
shares or other securities of the Company.
By order of the Board
Baidu, Inc.
Mr. Robin Yanhong Li
Chairman of the Board
and Chief Executive Officer
Hong Kong, September 4, 2026
As at the date of this announcement, the board of directors of the Company comprises Mr. Robin Yanhong Li as director, and Mr. Yuanqing Yang,
Mr. Jixun Foo, Ms. Sandy Ran Xu and Ms. Xiaodan Liu as independent directors.
*
For identification purposes only
2
6-K
1
d947999d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number:
000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form 20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press Release—Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect Program
99.2
Voluntary Announcement—Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BAIDU, INC.
By
:
/s/ Haijian He
Name
:
Haijian He
Title
:
Chief Financial Officer
Date: September 4, 2026
----- d947999dex991.htm -----
EX-99.1
2
d947999dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect Program
BEIJING, China, September 4, 2026 – Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and
89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company’s Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) will be
included in the Shanghai-Hong Kong Stock Connect program, effective September 7, 2026.
The inclusion is pursuant to the Notice of the Adjustment of
the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect issued by the Shanghai Stock Exchange on September 4, 2026.
Following the inclusion, eligible investors in the Chinese Mainland will have direct access to the trading of Baidu’s Class A ordinary shares
through the Shanghai-Hong Kong Stock Connect. The inclusion marks an important step toward expanding the Company’s reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its
shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating
long-term value for shareholders.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a
two-way
trading link between the Shanghai Stock Exchange and the
Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible
A-shares
(Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet
foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements.
Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in
press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and
expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including
but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search
and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including
those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and
Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form
20-F
and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under
applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
SOURCE Baidu, Inc.
Investor Relations, Baidu, Inc., Tel:
+86-10-5992-8888,
Email: ir@baidu.com
----- d947999dex992.htm -----
EX-99.2
3
d947999dex992.htm
EX-99.2
EX-99.2
Exhibit 99.2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary shares. Each Class A
ordinary share entitles the holder to exercise one vote, and each Class B ordinary share entitles the holder to exercise 10 votes, respectively, on all matters subject to the vote at general meetings of the Company. Shareholders and prospective
investors should be aware of the potential risks of investing in a company with a weighted voting rights structure. Our American depositary shares, each representing eight of our Class A ordinary shares, are listed on Nasdaq in the United
States under the symbol BIDU.
Baidu, Inc.
百度集團股份有限公司
(A company controlled through weighted voting rights and incorporated in the
Cayman Islands with limited liability)
(Stock Codes: 9888 (HKD counter) and 89888 (RMB counter))
VOLUNTARY ANNOUNCEMENT
BAIDU ANNOUNCES UPCOMING INCLUSION OF
ITS CLASS A ORDINARY SHARES
IN THE SHANGHAI-HONG KONG STOCK CONNECT
This announcement is made by Baidu, Inc. (the “
Company
”) on a voluntary basis to provide its shareholders and potential investors with
information in relation to the latest development of the Company.
The Company is pleased to announce that the Class A ordinary shares of the Company
have been included as eligible stocks under the Shanghai-Hong Kong Stock Connect with effect from September 7, 2026, pursuant to
《關於滬港通下港股通標的調整的通知》
(Notice of the Adjustment of the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect*) issued by the Shanghai Stock Exchange on September 4, 2026.
The Company believes that its inclusion in the Shanghai-Hong Kong Stock Connect marks an important step toward expanding the Company’s reach among
Chinese Mainland investors. The inclusion is expected to further diversify its investor base and enhance the liquidity of its shares.
The Company would
like to thank the continued support of its shareholders and investors and remains committed to executing its long-term strategy, driving sustainable growth and creating long-term value for its shareholders.
1
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the
shares or other securities of the Company.
By order of the Board
Baidu, Inc.
Mr. Robin Yanhong Li
Chairman of the Board
and Chief Executive Officer
Hong Kong, September 4, 2026
As at the date of this announcement, the board of directors of the Company comprises Mr. Robin Yanhong Li as director, and Mr. Yuanqing Yang,
Mr. Jixun Foo, Ms. Sandy Ran Xu and Ms. Xiaodan Liu as independent directors.
*
For identification purposes only
2
决策记录链 · 只追加
每次领取产生一条记录,重新决策追加一条并以 supersedes 指向被替代的记录(ADR 0014)。
这条决策早于决策账本(2026-10-08 起逐条追加),没有追加记录。