Svmuu News: Dan Bin, Chairman of Orient Harbor, posted on Xueqiu today, expressing a relatively optimistic view regarding market concerns that the consecutive IPOs of Changxin Memory and SK Hynix might divert capital. Dan Bin pointed out that if the market capitalizations of these two memory companies reach 3 trillion, 5 trillion, or even 7 trillion after their IPOs, it will completely unlock the overall market capitalization potential of the “hard tech” sectors in both the A-share and Hong Kong markets, which represents a major positive development in the long term.
He noted that the A-share market has long been plagued by a “market capitalization ceiling curse,” with leading baijiu companies consistently serving as the market’s benchmark—making it difficult for other firms to surpass their scale. However, given China’s current global industrial standing, the A-share market is fully capable of producing “hard tech” leaders with a combined market capitalization exceeding $1 trillion. In contrast, the combined market capitalization of just two or three U.S. tech giants is on par with the total size of the entire A-share market—a situation that does not reflect China’s current economic strength. He is eagerly anticipating that hard tech companies, particularly those in the storage sector, will achieve a breakthrough in valuation, driving a reshaping of the domestic capital market. (Jin Shi)