Dan Bin: The listing of ChangXin and SK Hynix is a major positive development; A-shares have the potential to produce a trillion-dollar hard-tech leader

Deep Tide TechFlow reports that on July 9, Dongfang Harbor Chairman Dan Bin published an article on Xueqiu, expressing a relatively optimistic view on market concerns regarding the potential diversion of funds caused by the consecutive listings of ChangXin Storage and SK Hynix. Dan Bin pointed out that if the market capitalization of these two storage companies reaches 3 trillion, 5 trillion, or even 7 trillion after listing, the overall market value space for the hard-tech sector in A-shares and Hong Kong stocks will be fully unlocked, which is a major positive development in the long term. He stated that A-shares have historically faced a "market capitalization ceiling curse," where liquor industry leaders have long been the benchmark for market capitalization, making it difficult for other companies to surpass their scale. However, given China's current global industrial position, A-shares are fully capable of producing a hard-tech leader with a total market capitalization exceeding $1 trillion. In contrast, in the U.S. stock market, the combined market capitalization of just two or three tech giants equals the total scale of the entire A-share market, a situation that does not align with China's current economic strength. He expressed great anticipation for breakthroughs in value from hard-tech companies in sectors like storage, which could drive a reshaping of the domestic capital market landscape. (Jin10)