Last year it was 7709, this year it's 7772 What I'm more concerned about with CSOP's new Kioxia product isn't the leverage, but rather the significantly lowered trading threshold. To buy Kioxia stock, you first need to solve two problems: whether you have Japanese stock trading privileges, and the capital requirement for one lot of the underlying stock. Based on the estimated HKD 90,000 in listing-related information, investors who only want to try their luck with a few thousand HKD can't even buy one lot. CSOP's http://7772.HK is the world's first leveraged Kioxia stock product, listed on the Hong Kong Stock Exchange on November 10th. Based on the listing reference price of HKD 7.8 and a lot size of 100 units, one lot costs approximately HKD 780, excluding transaction fees. Investors who meet the brokerage trading qualifications don't need to open a separate Japanese stock trading account, thus gaining another channel to participate. However, it's crucial to understand that this reduction in entry capital does not mean a reduction in investment risk. Kioxia is a highly volatile product, and the 1.25x leverage makes the risk relatively manageable. Under these circumstances, after three trading days, the price of 7772 has risen from 7.8 three days ago to 8.98, approximately 15%. However, this is ultimately still a leveraged product, and risk control is crucial. It's primarily designed for short-term trading and is not suitable for holding for more than one day. @CSOPAsset_ETF