Changxin Technology's stock price skyrocketed on its first day of trading, propelling its total market capitalization to the pinnacle among A-shares. There were no indications of a capital draining effect in the market. The current A-share market has witnessed growth in both size and liquidity, fueled by policy support and the influx of incremental funds. Consequently, it has become challenging for a single IPO to disrupt the overall market trend. The semiconductor sector is undergoing structural differentiation, with long-term opportunities in the technology sector garnering attention. This dispels the myth that "a giant's listing signifies its peak."
