As of press time, XIAOMI Group is up 3.41% to HK $9.1, with a turnover of HK $155 million and a latest market capitalization of HK $218.825 billion.It is worth noting that XIAOMI hit an all-time low of HK $8.79 last Friday.

On the evening of August 2, the Shanghai, Shenzhen and Hong Kong exchanges jointly issued an announcement saying that in order to further improve the interconnection mechanism, the Shanghai, Shenzhen and Hong Kong exchanges agreed on the conditions to be met when the shares of companies with different voting structures (WVR) listed in Hong Kong were included in the Hong Kong Stock Connect shares for the first time.

The specific amendment of the Shanghai Stock Exchange is to add conditions for the first inclusion of shares of companies with different voting structures in the measures for the implementation of the Shanghai Stock Exchange Stock Connect. The details include: first, six months after listing plus 20 trading days for Hong Kong stocks; second, the average daily market value of not less than HK $20 billion and the total turnover of Hong Kong stocks not less than HK $6 billion; and third, compliance conditions.

According to the terms released by the Shanghai and Shenzhen stock exchanges, XIAOMI Group and Meituan are expected to be included in the Hong Kong Stock Connect.In terms of listing time, XIAOMI Group's listing date is July 9, 2018, while Meituan's comment is September 20, 2018, which has exceeded the requirement of six months of listing plus 20 Hong Kong stock trading days. In terms of market capitalization, the total market capitalization of Meituan's comments is 370 billion Hong Kong dollars, while that of XIAOMI Group is 210.8 billion Hong Kong dollars. In addition, the average daily turnover of the two companies is also at the level of 100 million and 1 billion.

As the first representative of the listing of the same shares with different rights structure, XIAOMI Group-W included a series of constituent stocks such as the Hang Seng Composite Index originally planned to take effect on July 23, 2018. According to the established regulations of the Hong Kong Stock Connect business at that time, after XIAOMI Group-W became a constituent stock of the Hang Seng Index, it would also be included in the investment target of the Hong Kong Stock Connect, and mainland investors would be able to trade XIAOMI Group southward through the Hong Kong Stock Connect.

However, before it officially came into effect, the Shanghai and Shenzhen exchanges issued a notice on the adjustment of the scope of Hong Kong Stock Connect shares on July 14 last year, taking into account factors such as investors' familiarity and not including companies with different equity structures in the investment target of Hong Kong Stock Connect for the time being. in the early hours of the next morning, the HKEx made an urgent follow-up response, saying that it hoped to confirm the inclusion of the timetable as soon as possible, and the inclusion of XIAOMI Group-W into the Hong Kong Stock Connect was put on hold.

Until December 9 last year, the Shanghai, Shenzhen and Hong Kong exchanges simultaneously issued a statement saying that they had reached a consensus on the inclusion of companies with different voting rights structures into Hong Kong Stock Connect shares, and would step up the formulation of relevant rules to be announced to the market after the necessary procedures were completed. the rules are expected to come into effect in mid-2019. According to a reporter from Securities Times e Company, Lei Jun, then chairman of the board and CEO of XIAOMI Group, also forwarded the news about the consensus reached by the Shanghai, Shenzhen and Hong Kong exchanges in his personal circle of Wechat friends.