The recent assassination attempt on former U.S. President Donald Trump’s (also known as “Chuān Pǔ” in China) has sparked widespread sympathy in China. Many who previously disliked him expressed deep emotions, calling him America’s chosen one. Unexpectedly, this incident also led to the limit-up of an A-share stock whose name resembles “Chuanpu” and implies “Trump the boss wins with wisdom.”
Some Chinese netizens suspected that he staged the incident himself, but they were mocked for their ignorance about firearms. Some Chinese people even said that no one understands bullets better than Donald Trump. And one Chinese analyst praised Americans for maintaining order during the incident, contrasting this with potential chaos in China, where such an event might lead to a massive stampede. Some netizens lamented that while ancient Chinese often carried weapons, today’s strict gun bans and penalties for fighting have suppressed the nation’s martial spirit, making it difficult to remain calm in such situations.
In an unexpected twist, after the assassination attempt, Chuanda Zhisheng (002253.SZ), an A-share stock whose Chinese name phonetically resembles “Trump the boss wins with wisdom,” hit the 10% limit-up on Monday, July 15.
Currently, Chuanda Zhisheng’s stock price is 11.22 RMB per share, with a market value of 2.532 billion RMB.
Chuanda Zhisheng has been humorously dubbed a “Trump concept stock” by some Chinese investors due to the phonetic resemblance.
Chinese media reported that Trump is sometimes referred to as “Chuān Pǔ” by Chinese netizens. The rise in Trump’s chances of winning the election undoubtedly stimulated the imagination of A-share investors. The spread of this “homophonic meme,” coupled with the limit-up system, led to the company being humorously viewed as a “Trump concept stock,” driving its stock price to the limit-up.
Back in 2016, when Donald Trump was elected as the 58th President of the United States, Chuanda Zhisheng also nearly hit the limit-up.
On July 15, a spokesperson from the investor relations department of Chuanda Zhisheng stated that the reason for the limit-up in stock price could not be determined, and that the company’s operations were normal.
Chuanda Zhisheng’s main businesses include the development of civil aviation and military air traffic control command systems, software development and services, and small-scale trial production of high-speed, high-precision 3D cameras. According to the company’s half-year performance forecast, Chuanda Zhisheng expects a net loss of 17-23 million RMB in the first half of the year, a decrease of 45.36%-96.66% compared to the same period last year.