Ben: YMTC's and Hynix's IPOs are significant positives, A-shares capable of incubating a trillion-dollar hard technology leader

BlockBeats News, July 9, Dong Bin, Chairman of Oriental Harbor, published an article on Snowball today, expressing his cautiously optimistic view on the market's concerns about Yangtze Memory Technologies (YMTC) and SK Hynix's consecutive listings potentially diverting funds. Dong pointed out that if the market capitalization of the two storage companies reaches 3 trillion, 5 trillion, or even 7 trillion after their listings, the overall market capitalization space of A-shares and Hong Kong stocks' hard technology sector will be completely opened up, which is a significant long-term positive.

He stated that there has been a long-standing market capitalization ceiling curse in A-shares in the past. Liquor industry leaders have always been the market value benchmark, and it has been difficult for any company to exceed this scale. However, given China's current global industrial position, A-shares are fully capable of nurturing a hard technology leader with a total market capitalization exceeding $1 trillion. In contrast, in the U.S. stock market, the combined market value of just two or three tech giants is equivalent to the total size of the A-share market, a situation that does not match China's current economic strength. He is eagerly anticipating the value breakthrough of storage and other hard technology companies, leading to a reshaping of the domestic capital market landscape.