The A-share listed industrial Fii is actually Foxconn.
The abbreviation of A-shares "Industrial Fii" makes people wonder, and it has a sense of déjà vu in a movie. But it reflects Foxconn's vision to transform from a global foundry to a leading "industrial Internet" company.
Industrial Fii is a product of Foxconn’s industrial Internet transformation. According to Foxconn, the industrial Internet is one of the best ways to develop Made in China 2025. Foxconn already has the corresponding strength, so it will integrate the Internet of Things, Robotics and artificial intelligence-related businesses were spun off to form industrial Internet businesses for listing.
Industrial Internet is also the development direction of the company, and it hopes to keep up with the wave of industrial development through listing. This is also the origin of the name Industrial Fii.
Development History
On March 6, 2015, Foxconn Industrial Internet Co., Ltd. was established.
On March 8, 2018, the 17th Issuance Review Committee of the China Securities Regulatory Commission held the 41st Issuance Review Committee Working Meeting in 2018, and the IPO of Foxconn Industrial Internet Co., Ltd. was approved.
On May 11, 2018, the China Securities Regulatory Commission approved the IPO application of Foxconn Industrial Internet Co., Ltd. in accordance with legal procedures.
On June 8, 2018, Foxconn Industrial Internet was listed on the Shanghai Stock Exchange (stock name: Industrial Fii). On the first day of listing, the opening price rose 44.01%, with the stock price reaching 19.83 yuan, and the market value reaching 390.558 billion yuan, surpassing Hikvision and becoming the technology company with the highest value in the A-share market.