The group bucked the market and rose more than 3% to HK $18.38, with a market value of about HK $440 billion. At the same time, Lei Jun’s fortune has also risen. Based on the 6.67 billion shares held by Lei Jun, the market value of Xiaomi held by Lei Jun increased by HK $50.7 billion to HK $122.6 billion (equivalent to US $15.8 billion) from HK $71.9 billion at the beginning of the year, a net increase of US $6.5 billion. According to Forbes real-time data, Lei Jun is worth 17 billion US dollars, ranking the 15th richest person in the mainland. < p > < p > the Hang Seng Index ushered in a historic change. Ali, Xiaomi and Yaoming bio were included in the HSI, and the stock price of Xiaomi soared one after another. After being incorporated into the HSI, the next day it returned to the HK $17 offer price. However, domestic investors reduced their holdings of 5.93 million shares yesterday, with the latest holding of 2.174 billion shares, accounting for 12.34%. Domestic capital increased by 1.6 billion shares from 573 million shares at the beginning of the year. < / P > < p > at present, DMC has raised the target price of Xiaomi group to HK $20. According to a research report published by DMC, due to the uncertainty of the current international situation, Xiaomi will be given a good opportunity to expand its market share in China. At present, the possibility of Huawei using more third-party chips will give Xiaomi an opportunity in mobile phone business. Therefore, the target price of Xiaomi will be raised by 11% to HK $20. The Chinese market share of Xiaomi is expected to increase from 10% – 11% to 15%, while India’s share may decline due to geopolitical reasons. Currently, DMC maintains Xiaomi’s EPS forecast unchanged this year, but increases its EPS forecast for next year by 6%. Currently, the valuation level corresponding to the target price of Xiaomi is higher than its historical average level, but due to the mutual influence between them It is reasonable that the income of Internet service is rising. Qin Yue, assistant vice president of China Thailand International, said that it is expected that the overseas market performance of Xiaomi in the second quarter of 2020 will be dragged down by India, but the overseas smart phone market development results outside India will be amazing; the company has released a number of 5g mobile phones, including the cost-effective 5g mobile phones, which are expected to benefit from the wave of replacement. The company announced that it will implement the partnership system and launch the new decade entrepreneur plan, which will help to maintain the company’s vitality and stimulate employees’ potential, and support the company’s long-term and rapid development. According to Qin Yue, Hang Seng Index announced on August 14 that the company would be included in the Hang Seng Index and Hang Seng China enterprise index on September 7, 20. We believe that this will not only bring passive capital inflow to the company, but also further enhance the market’s attention and recognition of the company, which is conducive to valuation.