Xiaomi has confirmed that it will be listed in Hong Kong, but at the same time, it will achieve transactions in China by means of CDR. However, it may be that Xiaomi Group wants to ensure that there will be a high enough share price when it is listed, so the specific information of its listing has been confusing. As one of the most influential companies in the mobile phone industry in China, the news of Xiaomi's listing has always attracted much attention, and Xiaomi has finally determined its listing plan recently.

The official announcement of Xiaomi said that after repeated and careful research, Xiaomi Group decided to implement its listing plan in Hong Kong and China step by step, that is, first listing in Hong Kong, then choosing the opportunity to list in China by issuing CDR. Xiaomi also submitted an application to the China Securities Regulatory Commission to postpone the convening of the Development Review Committee meeting to review the company's CDR issuance application.

The so-called CDR is Chinese Depositary Receipt (CDR), It refers to an investment voucher issued by a listed company overseas (including Hong Kong, China) to place part of its issued and listed shares in a local custodian bank, which is issued by a depository bank in China, listed in the domestic A-share market, settled in RMB, and available for domestic investors to buy and sell shares in different places.

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