In this article, first of all, the global existence and asymptotic stability of solutions to the incompressible nematic liquid crystal flow is investigated when initial data are a small perturbation near the constant steady state .0, ı 0 /; here, ı 0 is a constant vector with jı 0 j D 1. Precisely, we show the existence and asymptotic stability with small initial dataof us is not entirely included in the space BMO 1 BMO and contains strongly singular functions and measures. As an application, we obtain a class of asymptotic existence of a basin of attraction for each self-similar solution with homogeneous initial data. We also study global existence of a large class of decaying solutions and construct an explicit asymptotic formula for j x j! 1, relating the self-similar profile .U.x/, D.x// to its corresponding initial data .u 0 , d 0 /. In two dimensions, we obtain higher-order asymptotics of .u.x/, d.x//.