Baidu Announced Launch of RMB Counter
Portfolio Pulse from Charles Gross
Baidu, Inc. has announced the launch of its RMB counter, effective on June 19, 2023. The company will become a security with counters denominated in HKD and RMB, designated as a dual counter security by the Stock Exchange.
June 09, 2023 | 9:12 am
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Baidu's RMB counter launch on June 19, 2023, will make the company a dual counter security with HKD and RMB counters.
The launch of Baidu's RMB counter will increase the company's exposure to investors, potentially leading to increased demand for its shares. This could have a positive impact on Baidu's stock price in the short term.
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