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Xiaomi pulled from share index

by on05 March 2021

Company officially on US list

Global index publisher FTSE Russell said will omit Xiaomi from its global and China indexes in line with a US executive order from then-president Donald Trump.

The deletion follows the Trump administration’s placement of Xiaomi on a blacklist of companies with alleged ties to Chinese military, barring US investors from holding shares in the company.

The removal of the Hong Kong-listed stock from FTSE’s Global All Cap index and the FTSE Global China A Inclusion indexes will be effective on March 12, subject to further guidance from the US Office of Foreign Assets Control, it said in a statement.

The Trump administration added Xiaomi and eight other companies to the blacklist in mid-January.

Xiaomi denied it had any ties to the Chinese military. Later that month, the smartphone maker filed a lawsuit against the US government in response.


Last modified on 05 March 2021
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