Dan Bin: IPOs of Changxin Storage and SK Hynix Bullish for A-Share Tech Sector, China Capable of Trillion-Dollar Chipmaker

On July 9, Dong Fang Gangwan chairman Dan Bin stated in a post that the IPOs of Changxin Storage and SK Hynix would represent a major positive for the Chinese tech sector, contrary to market concerns about capital outflows. If both companies reach valuations of 3–7 trillion yuan post-listing, the overall market value space for A-share and Hong Kong-listed semiconductor stocks would expand significantly, he noted. Dan Bin emphasized that China's A-share market has long faced a market capitalization ceiling, with liquor stocks serving as the benchmark. However, given China's current global industrial position, the A-share market has the capacity to produce a hard-tech leader with a total market value exceeding 1 trillion U.S. dollars—a scale comparable to multiple U.S. tech giants combined.
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