Korean QFI has purchased Changxin Technology

According to a report by China Fund News, data from SEIBro, a subsidiary of the Korea Securities Depository (KSD), shows that as of August 18, the stock that Korean investors bought the most in A-shares over the past month is a mysterious stock.

During this period, Korean investors net bought this stock for $45.322233 million (approximately 307.53 million RMB). Extending the timeframe to the past three months, this stock still ranks first in the net purchase list of A-shares by Korean investors. When trading this security, Korean securities firms, as qualified foreign institutional investors (QFI), must submit settlement instructions to KSD. The submission of settlement instructions requires the use of an ISIN code. Therefore, relevant Korean securities firms have chosen to temporarily use a temporary virtual code, and the name of the security is displayed based on the virtual ISIN.

A search on SEIBro reveals that as of July 28, Changxin Technology had appeared among the stocks with the highest net purchase amounts by Korean investors in the previous week. However, as of July 27, Changxin Technology did not appear in the list of the top 50 A-shares by net purchase amount from Korean investors in the previous week (it is also possible that Korean investors had already bought it, but Changxin Technology did not make it into the top 50 A-shares by net purchase amount). This indicates that at the latest by July 28, which is the second day after Changxin Technology's listing, Korean investors had begun to buy.