SHANGHAI -- Pan Jianwei, dubbed the father of quantum physics in China, was probably pleased to discover this month that the mind-bending laws of his field were reduced by Chinese investors to a simple equation: It will go up.
When QuantumCTek, the technology company that Pan co-founded and where he holds a stake of 8.26%, made its debut on the Shanghai STAR market on July 9, demand was such that the shares rose more than 1,000%. "Our company's website crashed," an employee said. By the end of that record-breaking day, the value of Pan's company stake had risen from 239 million yuan ($34 million) to 2.4 billion yuan.
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