STOCKS | ChangXin Technology Debuts on STAR Market, Sets Multiple A-Share Records

ChangXin Technology debuted on the STAR Market and set multiple A-share records on its first day of trading. According to Odaily, it became the first technology stock in A-shares to open with a market value above 3 trillion yuan, with an opening market capitalization of about 3.31 trillion yuan. It also became the most valuable company on the STAR Market, surpassing Semiconductor Manufacturing International Corp (SMIC). In addition, it was the first A-share stock to record more than 100 billion yuan in trading value in a single day, with turnover exceeding 100 billion yuan in the first hour of trading and full-day volume expected to set another record. It was also the first new stock in A-shares to combine more than 100 billion yuan in trading value with a turnover rate above 50%.