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Kunlun Core Technology's STAR Market listing counseling record; Hong Kong stock listing continues to advance
[Caixin] Baidu spins off chip company Kunlun Chip for Hong Kong listing. Simultaneously “supports” the listing filing on the STAR Market. On May 8, Beijing Securities Regulatory Bureau announced that Kunlun Chip signed an IPO guidance agreement with China International Capital Corporation on April 29, 2026, and officially completed the STAR Market listing guidance filing registration on May 7. The guidance period is expected to cover the second half of 2026, and subsequent guidance acceptance and submission of formal IPO application materials will be completed according to regulatory requirements.
Caixin learned from market sources that Kunlun Chip is currently still actively promoting its Hong Kong listing process. The early layout of A-share guidance filing is to retain flexibility for future domestic financing and also reflects confidence in the domestic capital market.
It is worth noting that previously, tech companies such as Zhipu AI (02513.HK), Biran Technology (06082.HK), and others have promoted A-share guidance filings before and after their listings in Hong Kong.