Shanghai, 16 July 2026 – Six Chinese investment banks working on ChangXin Memory Technologies’ blockbuster initial public offering are set to earn at least US$41 million in fees, providing a significant boost to an underwriting industry that has faced a shrinking revenue pool in recent years.

CXMT, China’s leading producer of dynamic random-access memory chips, is seeking to raise approximately 57.9 billion yuan, or US$8.6 billion, through its listing on Shanghai’s technology-focused STAR Market.

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Rebecca Hsu

Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.

Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.

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Chinese Banks Set for US$41 Million Payday From CXMT’s US$8.6 Billion IPO

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Chinese Banks Set for US$41 Million Payday From CXMT’s US$8.6 Billion IPO

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