Although Xiaomi is included in the FTSE Index, it will be included in the Hang Seng Composite Index, but it is temporarily unable to be included in the Hong Kong stocks. Beishui is temporarily unable to buy Xiaomi's shares with different rights.
With the decline in Xiaomi's share price, Lei Jun's net worth has also declined. As of press time, according to Forbes real-time data, Lei Jun's net worth was $18.1 billion, down $1.4 billion. After Friday's close, Lei Jun's net worth was $19.5 billion. However, it still ranks sixth in China's rich list.
At present, Lei Jun is worth $18.1 billion, second only toTencentMa Huateng, Ali Mayun, Evergrande Xu Jiayin, Wanda Wang Jianlin, Country Garden Yang Huizhen, ranked 6th in Forbes China's richest.
The current market value of Xiaomi is 45.31 billion Hong Kong dollars, equivalent to 57.7 billion US dollars, Lei Jun holds 29.4%, and Lei Jun holds Xiaomi's net worth of 17 billion US dollars. If the over-allotment is included, the market value of Xiaomi is 502.8 billion Hong Kong dollars.
On the afternoon of Saturday, the Shanghai and Shenzhen Stock Exchanges announced on July 14 that since July 16, 2018, the Hang Seng Composite Large-Cap Index, the Hang Seng Composite Mid-Cap Index, and the Hang Seng Composite Small Cap Index are among the constituents of foreign companies. Stocks, stapled securities, and stocks of different voting rights are not included in the stock market of Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, and other stock transfers are transferred to normal operations.
By convention, once a share is added as a constituent of the Hang Seng Composite Index, it will automatically become a Hong Kong stock market under the investment of Beishui. However, since Xiaomi is the first company with the same rights, there is no precedent in the past, and the market has long watched the mainland exchange. Will it suddenly stop or be released as scheduled.
Eventually the mainland exchange refused to release Beishui to buy millet, and Xiaomi’s share price will be tested next week.
It is worth noting that the HSI Company has not been for the HSI for the time being. The two flagship index of the H-Share Index has been included in the shares of the same shares. Xiaomi is still not eligible for blue. In other words, the Tracker Fund, the CPI for the HSI will not passively chase Xiaomi.