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On July 27, Changxin Technology made its much-anticipated debut on the STAR Market of the Shanghai Stock Exchange. The company's share price experienced an extraordinary surge, skyrocketing by over 465% on its very first day of trading. This remarkable performance propelled its total market capitalization to approximately 3.28 trillion yuan, enabling it to surpass the Industrial and Commercial Bank of China and claim the top spot in the A-share market. Hefei Industrial Investment Group, the largest state-owned investor in Changxin Technology, extended its heartfelt congratulations. The group highlighted that this initial public offering (IPO) has shattered multiple records, including achieving the largest fundraising amount ever on the STAR Market and recording the highest single-day trading volume in the history of the A-share market.
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