Moving to investments now. Chinese smartphone maker Xiaomi's debut trading performance was a flop and company founder and CEO Lei Jun blames the overall market environment for the poor showing. Xia Cheng has the details.

On the day of Xiaomi's Hong Kong Debut, its shares closed at 16.8 Hong Kong dollars per share, below the 17-dollar IPO price. Its IPO price was already set at the bottom of an indicative range. Xiaomi founder and CEO Lei Jun downplayed the lacklustre trade, and blamed the overall market environment.

LEI JUN XIAOMI FOUNDER AND CEO "To be honest, the overall market environment has not been good lately, so I think short-term stock performances are not important. Long term value of a company is more important. It will be a process. Xiaomi has been doing very very well in the past eight years despite ups and downs. So a low start with the IPO means a new beginning, which is not really a bad thing. We will adjust our mindset to make the company better for our investors."

Xiaomi's shares fell as much as 6 percent in their debut in Hong Kong on valuation concerns while the benchmark Hang Seng rose. Through the IPO, Xiaomi raised 4.72 billion US dollars in the world's biggest technology float in four years. The IPO pricing valued Xiaomi at about 54 billion US dollars. That was only half of the company's original 100 billion US dollar ambition earlier this year. Meanwhile, the Hong Kong bourse is also offering stock futures and options for investors interested in Xiaomi, on the same day as Xiaomi's IPO.

CHARLES LI HKEx EXECUTIVE PRESIDENT "If it's a major trade of a big-name company, it attracts a large amount of transactions on the IPO day. Investors' stock positions vary, their appetite is high and many of them can take risks. So we hope to allow them to trade as soon as possible with whatever positions they want.

Xiaomi is going to be included in Hong Kong's benchmark Hang Seng index on July 23. That's according to Bloomberg. Analysts say what's really putting pressure on Xiaomi's share prices is investors' concern that the company's valuation is still relatively high compared with Tencent and Apple.