July 27, 2026

The hottest name in today’s market has to be ChangXin Technology. This star stock that listed on the STAR Market today closed with a market capitalization of 3.3 trillion RMB. Its total market value now directly exceeds Industrial and Commercial Bank of China. With one-lot allocation, you get 500 shares; the profit from a successful bid is roughly 20k yuan. Looking at it sideways, ChangXin’s total market cap is currently around 460 billion USD. Other storage giants it competes with—Samsung, SK hynix, etc.—are all valued at around 1 trillion USD. Of course, in terms of market scale, ChangXin still falls short. But this time, it has basically fully caught up with the storage wave, and shareholders are smiling from ear to ear.
ChangXin Technology is currently China’s largest and most technologically advanced enterprise with integrated DRAM R&D, design, and manufacturing. In the fourth quarter of 2025, its DRAM sales revenue rose to 7.67%, ranking fourth globally. This is also the underlying reason ChangXin’s market capitalization can climb this high. Of course, how long the storage cycle can last is anyone’s guess. The shareholders who are happiest from this listing are likely Hefei’s state-owned assets. Based on public information, entities related to Hefei’s state-owned assets collectively hold about 36.79% of the shares, making them the largest single shareholder. If calculated based on the current market cap, Hefei’s state-owned assets hold total value exceeding 1 trillion.
Hefei’s state-owned investment in recent years has been exceptionally smooth. Through a combination of government capital and industrial support, it has both made money and boosted the city’s GDP. It can be expected that after this move, more high-quality industries will be willing to land in Hefei. Personally, it feels a bit like Hangzhou before—back when Alibaba’s industry ecosystem spread everywhere, Hangzhou went on to grow “internet