Overseas investors gain exposure to Changxin Storage's stock price through perpetual contracts on encrypted platforms

According to FT, crypto platforms such as tradeXYZ and Gate have launched perpetual contracts to track the stock price of Changxin Storage, providing overseas investors with pre listing price exposure. The data shows that the transaction volume of related contracts in the past 24 hours was approximately 19 million US dollars. Changxin Storage plans to go public on the Shanghai Science and Technology Innovation Board on Monday and raise nearly 10 billion US dollars. This type of contract is traded in stablecoins, which can to some extent bypass the channels and threshold restrictions for foreign investors to enter the Chinese stock market.