ME News reports that on July 26 (UTC+8), Huaxia Fund announced that Changxin Technology will list on the STAR Market on July 27, 2026. Certain of its ETFs will participate in the online and offline subscription. Prior to listing, the stock is valued at an issue price of RMB 8.66 per share. As there are no price fluctuation limits during the first five trading days after listing, price volatility may be significant. Additionally, the ETF’s intraday indicative value (IOPV) reflects only the issue price and does not account for market price fluctuations; thus, a discrepancy may arise between the IOPV and the actual net asset value per share on the first day of trading. Investors are advised to pay attention to these risks. (Jinshi) (Source: ODAILY)
Huaxia Fund Warns of NAV Discrepancy Risk for ETFs on ChangXin Tech's IPO Day
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Summary
Huaxia Fund cited on-chain data to highlight a potential NAV discrepancy risk for its ETFs on ChangXin Tech’s IPO day. The company will list on the STAR Market on July 27, 2026, at a valuation of 8.66 RMB per share. ETFs participated in both online and offline subscriptions. With no price limits for the first five days, on-chain analysis indicates that volatility could widen the gap between IOPV and the actual NAV. Investors are advised to remain cautious.
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