MarketsChipmaker's strong debut shows how Chinese state funds are underpinning marketsCXMT became the most valuable company on mainland Chinese markets after its July 27 listing. © ReutersKENSAKU IHARAJuly 30, 2026 02:18 JSTHONG KONG -- The Shanghai Stock Exchange's high-tech STAR Market has gained prominence thanks to the blockbuster listing of chipmaker CXMT, playing a growing role in China's state-led industrial race with the U.S.