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What entrepreneurs are saying during the two sessions

chinadaily.com.cn | Updated: 2018-03-15 06:21
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8. Robin Li, chairman of Chinese search engine Baidu Inc

Robin Li, chairman of Baidu Inc and a member of the 13th National Committee of the Chinese People's Political Consultative Conference, accepts an interview in Beijing, March 3, 2018. [Photo/VCG]

Li said that he was hopeful that his company would be able to list on the domestic stock exchanges as its major users and markets are in China, and it would be ideal if the major shareholders also are in China.

He pointed out that the reason why Baidu went public in the United States was because the policy did not allow it to list in the domestic bourses at that time. The variable interest entity structure of Baidu is a foreign-funded company from the perspective of Chinese law, and there are still policy barriers to this issue.

"Whenever the policy allows Baidu to come back, we certainly hope that we can return to the domestic stock market as soon as possible," Li added.

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