Dan Bin said he is optimistic that listings of ChangXin Memory and SK Hynix will
not meaningfully divert capital. He added that if the two storage firms reach
market caps of 3 tln, 5 tln or even 7 tln yuan after listing, it would unlock
substantial market‑cap upside for A‑share and Hong Kong hard‑technology sectors
and is a long‑term positive. He said A‑shares can produce a hard‑tech company
with market value exceeding $1tn, and that value breakthroughs in storage and
other hard‑tech sectors would reshape the domestic capital‑market landscape.
