On July 27, Changxin Technology, a leading company in the field of memory chips in China, landed on the Science and Technology Innovation Board. Known as the “food” of modern industry, memory chips almost carry the foundation of data security and the digital economy. The listing of Changxin Technology shows that China can not only continue to develop technology in the high-precision “stuck neck” field, but also form an industrial climate. The key to measuring whether a capital market is internationally competitive depends on whether it can attract and retain core assets representing future productivity. With the addition of companies such as Changxin Technology, the “content” and asset quality of the A-share market have increased dramatically, not only optimizing the sector structure of the Science and Technology Innovation Board, but also injecting strategic assets with hard-core growth genes into the market. It also proved that the supply of high-quality listed companies can create high-quality investment demand. For investors, the listing of Changxin Technology is not only a dividend of the times, but also a “litmus test” for investment ideas. Excellent technology companies require time to settle down, and rational investment also requires patient companionship. To treat Changxin Technology, we must not only see its strength in breaking through technological blockages, but also be afraid of the objective rules of the semiconductor cycle. Only by adhering to the underlying logic of long-term investment and value investment can we reap truly definite returns.

On July 27, Changxin Technology, a leading company in the field of memory chips in China, landed on the Science and Technology Innovation Board. Known as the “food” of modern industry, memory chips almost carry the foundation of data security and the digital economy. The listing of Changxin Technology shows that China can not only continue to develop technology in the high-precision “stuck neck” field, but also form an industrial climate. The key to measuring whether a capital market is internationally competitive depends on whether it can attract and retain core assets representing future productivity. With the addition of companies such as Changxin Technology, the “content” and asset quality of the A-share market have increased dramatically, not only optimizing the sector structure of the Science and Technology Innovation Board, but also injecting strategic assets with hard-core growth genes into the market. It also proved that the supply of high-quality listed companies can create high-quality investment demand. For investors, the listing of Changxin Technology is not only a dividend of the times, but also a “litmus test” for investment ideas. Excellent technology companies require time to settle down, and rational investment also requires patient companionship. To treat Changxin Technology, we must not only see its strength in breaking through technological blockages, but also be afraid of the objective rules of the semiconductor cycle. Only by adhering to the underlying logic of long-term investment and value investment can we reap truly definite returns.