Dan Bin: The listing of Changxin and Hailishi is a major positive development, and the A-share market has the ability to produce a trillion-dollar leader in hard technology.

Dong Fang Harbor Chairman Danny Bin wrote on Snowball today, expressing his optimistic view on the concern in the market about the consecutive listings of Changxin Storage and SK Hynix possibly diverting funds. Danny Bin pointed out that if the market value of the two storage companies reaches 3 trillion, 5 trillion, or even 7 trillion after listing, the overall market value space of the A-share and Hong Kong stock's hard technology sector will be completely opened up, which is a major positive in the long run. He stated that in the past, A-shares have long had a market cap curse, and leading liquor companies have always been the market value benchmarks, making it difficult for companies to surpass them in size. However, with China's current global industrial position, A-shares are fully capable of producing a hard technology leader with a total market value exceeding 1 trillion US dollars. On the contrary, in the US stock market, the combined market value of just two or three technology giants is equivalent to the total size of the entire A-share market, a situation that does not match the current economic strength of China. He is eagerly looking forward to storage companies and other hard technology enterprises breaking through in value, leading to a reshaping of the domestic capital market.