Why is Xiaomi not listed on the A-share market?

First, listing in Hong Kong is one of the things in Xiaomi's IPO plan. Because in mid-February of last year, 65438+,the Hong Kong Stock Exchange revealed the news that the Hong Kong stock market would implement the system of "sharing shares with different rights".

Second, Xiaomi's IPO chose to go to Hong Kong first, instead of listing A shares or H+A at the same time, because the Opinions did not solve the problem of Xiaomi's A-share IPO. At present, domestic laws cannot accept the listing of companies with the same share but different rights, so domestic companies with the same share and different rights cannot be listed in IPO.

Third, Xiaomi's choice of Hong Kong stock IPO does not prevent Xiaomi from returning to the A-share market.