Shanghai, 9 July 2026 – ChangXin Memory Technologies is set to begin book-building next week for a 29.5 billion yuan, or about US$4.3 billion, initial public offering in Shanghai, marking one of China’s most important semiconductor listings as Beijing accelerates its push for chip self-sufficiency.

The memory chipmaker, widely known as CXMT, is expected to begin book-building on 15 July, with investor subscriptions scheduled for 16 July. The listing will take place on Shanghai’s STAR Market, a key fundraising platform for China’s strategic technology companies.

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Author

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.