The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
BUSINESS
ChangXin Memory Technologies IPO becomes largest in mainland China since 2010
ChangXin Memory Technologies raised 57.9 billion yuan in China’s largest IPO since 2010, signaling massive investor appetite for semiconductor …
China memory chipmaker CXMT skyrockets 470% in Shanghai debut
China’s fourth largest DRAM maker CXMT debuts on Shanghai market Monday …
China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO
By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp are set to start trading in Shanghai on Monday after Asia’s biggest IPO this year, putting the Chinese …
Crypto exchanges are giving foreign traders access to Chinese AI stocks
Crypto traders are getting access to China’s AI stock rush through a route Beijing did not build for them. Instead of buying mainland shares, offshore investors are using perpetual futures tied to …
Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO
The financial details give investors a sharper look at the pressure facing Shein as it seeks new funds while costs rise, growth slows and regulatory scrutiny intensifies.
Shein swings to quarterly loss ahead of Hong Kong IPO
By Liz Lee and Yantoultra Ngui BEIJING/SINGAPORE, July 26 (Reuters) – Shein swung to a $99 million net loss in the first quarter of this year, the draft Hong Kong listing prospectus of the online…
Chinese chipmaker CXMT to list in Shanghai on July 27 after Asia’s biggest IPO this year
SINGAPORE, July 23 (Reuters) – Chinese memory chip manufacturer CXMT Corp’s shares will start trading in Shanghai on Monday, it said on Thursday after raising 57.92 billion yuan ($8.6 billion) in Asia …
China’s gold rush: June imports hit highest level since March 2024. Why it matters
The latest import wave comes as Chinese investors took advantage of softer gold prices to accumulate the metal, while commercial banks stepped up overseas purchases to replenish inventories amid …
China adds 14 EU entities to export control list over Russia-related sanctions
BEIJING, July 24 (Reuters) – China is banning the export of dual-use items to 14 additional European Union entities with immediate effect, the Commerce Ministry said on Friday, adding that the measure …
China’s June gold imports hit 173 tonnes, largest since March 2024
China’s gold imports rose to 173 tonnes in June, the highest since March 2024. Gold reaching $4,500 by July 2026 at 0.9% YES.
Nike resets struggling China business
The company is slashing online shopping options and working to improve its physical stores and beef up its local connections.
Crypto exchange HTX included in EU’s Russia sanctions
By Elizabeth Howcroft PARIS, July 24 (Reuters) – Cryptocurrency exchange HTX was sanctioned by the European Union on Thursday as part of the bloc’s latest effort to tighten pressure on Russia’s …
