Why doesn't Xiaomi want to be listed on A shares?

There is something wrong with the listing system of A-shares. At present, there is a high demand for the performance of enterprises. Before the listing application is issued, outstanding performance can pass the examination.

In addition, A-share investors are not as mature as foreign people, so they are easily numb and follow suit, causing trampling and so on.

There are also problems with the survival of the fittest system of A-shares, and stocks with very poor quality can also take advantage of loopholes to avoid delisting risks.

In short, A shares are not healthy enough.