The Oriental Harbor chairman said potential listings by CXMT and SK Hynix may lift A-share and Hong Kong hard-tech valuations if the companies achieve multi-trillion-yuan market caps.
Oriental Harbor chairman Dan Bin said he is relatively optimistic about market concerns that potential listings by CXMT and SK Hynix could divert capital from other stocks. Writing on Xueqiu, he argued that if the two memory companies reach market values of 3 trillion yuan, 5 trillion yuan, or 7 trillion yuan after listing, their presence could expand valuation room for A-share and Hong Kong hard-tech stocks. He added that such a re-rating may help create a hard-tech leader valued at more than $1 trillion, underscoring a view that large semiconductor listings can raise sector benchmarks rather than simply absorb liquidity.