diff --git a/.github/workflows/main.yml b/.github/workflows/main.yml
index cc5fc111a..1b78fec3c 100644
--- a/.github/workflows/main.yml
+++ b/.github/workflows/main.yml
@@ -2,9 +2,9 @@ name: CI
 
 on:
   push:
-    branches: [ master ]
+    branches: [ 14.1.x ] # antd@4-stable
   pull_request:
-    branches: [ master ]
+    branches: [ 14.1.x ]
 
 jobs:
   setup:
diff --git a/docs/examples/single.tsx b/docs/examples/single.tsx
index d23188b27..5afce64f2 100644
--- a/docs/examples/single.tsx
+++ b/docs/examples/single.tsx
@@ -60,14 +60,13 @@ class Test extends React.Component {
 
         <h2>Single Select</h2>
 
-        <div style={{ width: 300 }}>
+        <div>
           <Select
             autoFocus
             id="my-select"
             value={value}
             placeholder="placeholder"
             showSearch
-            style={{ width: 500 }}
             onBlur={this.onBlur}
             onFocus={this.onFocus}
             onSearch={this.onSearch}
diff --git a/package.json b/package.json
index 161d89c38..7536256db 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "rc-select",
-  "version": "14.1.16",
+  "version": "14.1.18",
   "description": "React Select",
   "engines": {
     "node": ">=8.x"
@@ -33,7 +33,7 @@
     "start": "dumi dev",
     "build": "dumi build",
     "compile": "father build",
-    "prepublishOnly": "npm run compile && np --yolo --no-publish",
+    "prepublishOnly": "npm run compile && np --yolo --no-publish --branch 14.1.x",
     "lint": "eslint src/ docs/examples/ --ext .tsx,.ts,.jsx,.js",
     "test": "rc-test",
     "tsc": "tsc --noEmit",
diff --git a/src/Select.tsx b/src/Select.tsx
index 51e36359d..81dc921a8 100644
--- a/src/Select.tsx
+++ b/src/Select.tsx
@@ -272,7 +272,12 @@ const Select = React.forwardRef(
             // Warning if label not same as provided
             if (process.env.NODE_ENV !== 'production' && !optionLabelProp) {
               const optionLabel = option?.[mergedFieldNames.label];
-              if (optionLabel !== undefined && optionLabel !== rawLabel) {
+              if (
+                optionLabel !== undefined &&
+                !React.isValidElement(optionLabel) &&
+                !React.isValidElement(rawLabel) &&
+                optionLabel !== rawLabel
+              ) {
                 warning(false, '`label` of `value` is not same as `label` in Select options.');
               }
             }
diff --git a/src/Selector/SingleSelector.tsx b/src/Selector/SingleSelector.tsx
index d45805e6c..37a00ceaf 100644
--- a/src/Selector/SingleSelector.tsx
+++ b/src/Selector/SingleSelector.tsx
@@ -65,9 +65,12 @@ const SingleSelector: React.FC<SelectorProps> = (props) => {
     if (item) {
       return null;
     }
-    const hiddenStyle = hasTextInput ? { visibility: 'hidden' as const } : undefined;
+    const hiddenStyle = hasTextInput ? { visibility: 'hidden' } as React.CSSProperties : undefined;
     return (
-      <span className={`${prefixCls}-selection-placeholder`} style={hiddenStyle}>
+      <span
+        className={`${prefixCls}-selection-placeholder`}
+        style={hiddenStyle}
+      >
         {placeholder}
       </span>
     );
@@ -104,11 +107,18 @@ const SingleSelector: React.FC<SelectorProps> = (props) => {
       </span>
 
       {/* Display value */}
-      {!combobox && item && !hasTextInput && (
-        <span className={`${prefixCls}-selection-item`} title={title}>
+      {(!combobox && item) ? (
+        <span
+          className={`${prefixCls}-selection-item`}
+          title={title}
+          // 当 Select 已经选中选项时，还需 selection 隐藏但留在原地占位
+          // https://github.com/ant-design/ant-design/issues/27688
+          // https://github.com/ant-design/ant-design/issues/41530
+          style={hasTextInput ? { visibility: 'hidden' } as React.CSSProperties : undefined}
+        >
           {item.label}
         </span>
-      )}
+      ) : null}
 
       {/* Display placeholder */}
       {renderPlaceholder()}
diff --git a/tests/Combobox.test.tsx b/tests/Combobox.test.tsx
index b382befce..cfb3840d9 100644
--- a/tests/Combobox.test.tsx
+++ b/tests/Combobox.test.tsx
@@ -74,7 +74,7 @@ describe('Select.Combobox', () => {
     expect(wrapper.find('input').props().value).toBe('');
     expect(wrapper.find('.rc-select-selection-placeholder').text()).toEqual('placeholder');
     wrapper.find('input').simulate('change', { target: { value: '1' } });
-    expect(wrapper.find('.rc-select-selection-placeholder').length).toBeFalsy();
+    expect(wrapper.find('.rc-select-selection-placeholder').length).toBe(0);
     expect(wrapper.find('input').props().value).toBe('1');
   });
 
diff --git a/tests/Select.test.tsx b/tests/Select.test.tsx
index 44f4f848e..8bfc6d070 100644
--- a/tests/Select.test.tsx
+++ b/tests/Select.test.tsx
@@ -595,18 +595,16 @@ describe('Select.Basic', () => {
       expect(wrapper.find('.rc-select').getDOMNode().className).toContain('-focus');
     });
 
-    it('click placeholder should trigger onFocus', () => {
-      const wrapper2 = mount(
+    it('focus input when placeholder is clicked', () => {
+      const wrapper = mount(
         <Select placeholder="xxxx">
           <Option value="1">1</Option>
           <Option value="2">2</Option>
         </Select>,
       );
-
-      const inputSpy = jest.spyOn(wrapper2.find('input').instance(), 'focus' as any);
-
-      wrapper2.find('.rc-select-selection-placeholder').simulate('mousedown');
-      wrapper2.find('.rc-select-selection-placeholder').simulate('click');
+      const inputSpy = jest.spyOn(wrapper.find('input').instance(), 'focus' as any);
+      wrapper.find('.rc-select-selection-placeholder').simulate('mousedown');
+      wrapper.find('.rc-select-selection-placeholder').simulate('click');
       expect(inputSpy).toHaveBeenCalled();
     });
   });
@@ -816,19 +814,6 @@ describe('Select.Basic', () => {
     expectOpen(wrapper, false);
   });
 
-  it('focus input when placeholder is clicked', () => {
-    const wrapper = mount(
-      <Select placeholder="select">
-        <Option value="1">1</Option>
-      </Select>,
-    );
-
-    const focusSpy = jest.spyOn(wrapper.find('input').instance(), 'focus' as any);
-    wrapper.find('.rc-select-selection-placeholder').simulate('mousedown');
-    wrapper.find('.rc-select-selection-placeholder').simulate('click');
-    expect(focusSpy).toHaveBeenCalled();
-  });
-
   describe('combobox could customize input element', () => {
     it('work', () => {
       const onKeyDown = jest.fn();
@@ -1432,17 +1417,55 @@ describe('Select.Basic', () => {
     expect(onKeyUp).toHaveBeenCalled();
   });
 
-  it('warning if label not same as option', () => {
-    const errorSpy = jest.spyOn(console, 'error').mockImplementation(() => {});
-    mount(
-      <Select value={{ value: '2', label: 'One' }} labelInValue>
-        <Option value="2">Two</Option>
-      </Select>,
-    );
-    expect(errorSpy).toHaveBeenCalledWith(
-      'Warning: `label` of `value` is not same as `label` in Select options.',
-    );
-    errorSpy.mockRestore();
+  describe('warning if label not same as option', () => {
+    it('should work', () => {
+      resetWarned();
+
+      const errorSpy = jest.spyOn(console, 'error').mockImplementation(() => {});
+      mount(
+        <Select value={{ value: '2', label: 'One' }} labelInValue>
+          <Option value="2">Two</Option>
+        </Select>,
+      );
+      expect(errorSpy).toHaveBeenCalledWith(
+        'Warning: `label` of `value` is not same as `label` in Select options.',
+      );
+      errorSpy.mockRestore();
+    });
+
+    it('not warning for react node', () => {
+      resetWarned();
+      const errorSpy = jest.spyOn(console, 'error').mockImplementation(() => {});
+
+      const Demo = () => {
+        const [, setVal] = React.useState(0);
+
+        return (
+          <Select
+            onChange={setVal}
+            defaultValue={0}
+            options={[
+              {
+                value: 0,
+                label: <div />,
+              },
+              {
+                value: 1,
+                label: <div />,
+              },
+            ]}
+          />
+        );
+      };
+
+      const wrapper = mount(<Demo />);
+
+      toggleOpen(wrapper);
+      selectItem(wrapper, 1);
+
+      expect(errorSpy).not.toHaveBeenCalled();
+      errorSpy.mockRestore();
+    });
   });
 
   describe('warning if use `props` to read data', () => {
@@ -1736,32 +1759,6 @@ describe('Select.Basic', () => {
     });
   });
 
-  describe('show placeholder', () => {
-    it('when searchValue is controlled', () => {
-      const wrapper = mount(<Select searchValue="light" placeholder="bamboo" />);
-      expect(
-        wrapper.find('.rc-select-selection-placeholder').getDOMNode().hasAttribute('style'),
-      ).toBe(false);
-      toggleOpen(wrapper);
-      expect(
-        (wrapper.find('.rc-select-selection-placeholder').getDOMNode() as HTMLSpanElement).style
-          .visibility,
-      ).toBe('hidden');
-    });
-
-    it('when value is null', () => {
-      const wrapper = mount(<Select value={null} placeholder="bamboo" />);
-      expect(wrapper.find('.rc-select-selection-placeholder').length).toBeTruthy();
-    });
-
-    it('not when value is null but it is an Option', () => {
-      const wrapper = mount(
-        <Select value={null} placeholder="bamboo" options={[{ value: null, label: 'light' }]} />,
-      );
-      expect(wrapper.find('.rc-select-selection-placeholder').length).toBeFalsy();
-    });
-  });
-
   it('Remove options can keep the cache', () => {
     const wrapper = mount(<Select value={903} options={[{ value: 903, label: 'Bamboo' }]} />);
     expect(findSelection(wrapper).text()).toEqual('Bamboo');
@@ -1894,16 +1891,6 @@ describe('Select.Basic', () => {
     expect(onClick).toHaveBeenCalled();
   });
 
-  it('should hide placeholder if force closed and showSearch with searchValue', () => {
-    const wrapper = mount(
-      <Select showSearch searchValue="search" open={false} placeholder="placeholder" />,
-    );
-    expect(
-      (wrapper.find('.rc-select-selection-placeholder').getDOMNode() as HTMLSpanElement).style
-        .visibility,
-    ).toBe('hidden');
-  });
-
   it('no warning for non-dom attr', () => {
     const wrapper = mount(
       <Select open>
diff --git a/tests/placeholder.test.tsx b/tests/placeholder.test.tsx
new file mode 100644
index 000000000..840882d29
--- /dev/null
+++ b/tests/placeholder.test.tsx
@@ -0,0 +1,45 @@
+import { mount } from 'enzyme';
+import React from 'react';
+import Select from '../src';
+import { toggleOpen } from './utils/common';
+
+describe('Select placeholder', () => {
+  it('when searchValue is controlled', () => {
+    const wrapper = mount(<Select searchValue="light" placeholder="bamboo" />);
+    expect(
+      wrapper.find('.rc-select-selection-placeholder').getDOMNode().hasAttribute('style'),
+    ).toBe(false);
+    toggleOpen(wrapper);
+    expect(
+      (wrapper.find('.rc-select-selection-placeholder').getDOMNode() as HTMLSpanElement).style
+        .visibility,
+    ).toBe('hidden');
+  });
+
+  it('when value is null', () => {
+    const wrapper = mount(<Select value={null} placeholder="bamboo" />);
+    expect(wrapper.find('.rc-select-selection-placeholder').length).toBe(1);
+    expect(wrapper.find('.rc-select-selection-placeholder').text()).toBe('bamboo');
+  });
+
+  it('not when value is null but it is an Option', () => {
+    const wrapper = mount(
+      <Select value={null} placeholder="bamboo" options={[{ value: null, label: 'light' }]} />,
+    );
+    expect(wrapper.find('.rc-select-selection-placeholder').length).toBe(0);
+    expect(wrapper.find('.rc-select-selection-item').text()).toBe('light');
+    toggleOpen(wrapper);
+    expect(wrapper.find('.rc-select-selection-item').text()).toBe('light');
+  });
+
+  it('should hide placeholder if force closed and showSearch with searchValue', () => {
+    const wrapper = mount(
+      <Select showSearch searchValue="search" open={false} placeholder="placeholder" />,
+    );
+    expect(
+      (wrapper.find('.rc-select-selection-placeholder').getDOMNode() as HTMLSpanElement).style
+        .visibility,
+    ).toBe('hidden');
+    expect(wrapper.find('.rc-select-selection-placeholder').text()).toBe('placeholder');
+  });
+});
\ No newline at end of file