Trad­ingBaidu gears link couldup driver­lesshas­ten MSCI tech­nol­ogy en­try

China Daily (Canada) - - LIFE -

au­to­mo­tive driv­ers across the globe,” said Marta Hall, Velo­dyne’s pres­i­dent of busi­ness de­vel­op­ment.

Wang Jin, se­nior vi­cepres­i­dent re­move the and ex­ist­ing gen­eral cap man­ager on the Shang­haiof au­ton­o­mous pro­gram. driv­ing unit The of daily Baidu, lim­its said for the the in­vest­ment­stock con­nect will will ac­cel­er­atebe the Baidu’ssame as ef­forts­for Shang­hai’s,in au­ton­o­mous 13 bil­lion driv­ing.yuan ($1.97 bil­lion) for “Baidu or­ders goingis north de­vel­op­ingto the au­tonomous­main­land and ve­hi­cles10.5 bil­lionin or­deryuan forto in­crease south­bound pas­sen­ger traf­fic. safety “The and re­moval re­duce of traf­fic­the con­ges­tion over­all quota and marks pol­lu­tion­the in fur­therChina,” open­inghe said up in of the China’s state­ment. cap­i­tal ac­coun­tThe in­vest­men­tand I am to sur­prisedgear up ex­pan­sionit came now,” in said au­tonomousHong Hao, driv­ingchief strate­gist­comes at at a Bo­com­time when In­ter­na­tional Baidu’s Hold­ings tra­di­tion­alCo. search busi­ness has been weak­ened by the tighter con­trols over in­ter­net ad­ver­tise­ments, and it is look­ing at driver­less ve­hi­cles to be­come anewengine to spur the com­pany’s growth.

An in­dus­try ob­server said that Niu the Huay­ong, in­vest­ment­dean of theis ex­pected Busi­ness Schoolto help at Bei­jingBaidu achieve For­eign its Stud­ies am­bi­tious Uni­ver­sity,goal of get­ting­said the driver­less­stock con­nect­cars on was the an road in­sti­tu­tional,within three long-term years, move­and puttingto pro­mote these the cars de­vel­op­mentinto mass pro­duc­tionof Chi­nese cap­i­tal within five mar­ket. years.

Zeng “The stock Zhiling, con­nect man­ag­ing makes di­rec­torthe fi­nan­cialof LMC mar­kets Au­to­mo­tive of Con­sult­ingHong Kong Co and Ltd, main­land­said that the closer in­vest­men­tand it’s al­sois the good right for waythe Chi­nese for­ward gov­ern­ment­for Baidu to to ex­pand ac­cu­mu­lateits busi­ness. ex­pe­ri­ences for fur­ther open­ing up the cap­i­tal Con­tact mar­ket,”the writ­ers­said mengjing@ In­vestors buy­ing into chi­­zhen will have and ac­cess to dux­i­aoy­ing1@any stock in the Shen­zhen chi­­Stock Ex­change Com­po­nent In­dex and Shen­zhen Stock Ex­change Small/Mid Cap In­no­va­tion In­dex that has a mar­ket value of no less than 6 bil­lion yuan, ac­cord­ing to Hong Kong’s Se­cu­ri­ties and Fu­tures Com­mis­sion.

Any com­pany that’s dual listed in the city as well as Hong Kong will also be avail­able, while buy­ing shares traded on Shen­zhen’s ChiNext small-cap gauge will be lim­ited to in­sti­tu­tional in­vestors ini­tially.

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