BEIJING, 19 May 2026 – Yangtze Memory Technologies Co., China’s leading flash memory chipmaker, has begun the formal pre-IPO “tutoring” process with CITIC Securities, signalling another major step in Beijing’s effort to deepen domestic semiconductor financing and reduce reliance on foreign technology.

The tutoring stage is a required preparatory process for companies planning to list in mainland China, where an investment bank provides formal guidance before a potential initial public offering. A regulatory filing showed that YMTC has started this process with CITIC Securities, one of China’s major state-owned investment banks.

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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.