Changxin Technology Soars Over 471% in A-Share Debut, Market Cap Tops RMB 3 Trillion

Changxin Technology (688825. SH) listed on the A-share market, opening with a jump of more than 471% and its market value breaking through RMB 3 trillion, making it the highest-valued company on the A-share market. Within the first hour of its debut trading, turnover exceeded RMB 100 billion, becoming the first stock to see single-day turnover top RMB 100 billion.

Early investors profited. Harmony Health recorded a paper profit of RMB 48 billion on an investment. Country Garden, having sold its stake two years early, missed out on RMB 42 billion in additional gains.