TechFlow news, July 9, Dan Bin, Chairman of Oriental Port, posted on Xueqiu today, expressing a relatively optimistic judgment on market concerns that the successive listings of CXMT and SK Hynix would divert capital. Dan Bin pointed out that if the market capitalizations of the two memory companies reach 3 trillion, 5 trillion, or even 7 trillion after listing, the overall market cap space of the hard-tech sectors in the A-share and Hong Kong stock markets will be completely opened, which constitutes a significant positive in the long run.
He stated that in the past, the A-share market long existed under a curse of the market cap ceiling, with baijiu leaders always serving as the market cap benchmark, making it difficult for any enterprise to surpass them in scale. However, given China's current global industrial status, the A-share market is fully capable of producing hard-tech leaders with a total market cap exceeding 1 trillion USD. In contrast, in the US stock market, the combined market cap of just two or three tech giants equals the entire scale of the A-share market; such a pattern does not match China's current economic strength. He greatly expects hard-tech enterprises in sectors like memory to achieve value breakthroughs, driving the domestic capital market to undergo a structural reshaping. (Jin10)
