The investment model increases the risk of overinvestment in Beijing's priority sectors.

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

SHANGHAI, July 27 — China’s leading memory chipmaker jumped 470 per cent in its market debut in Shanghai on Monday, briefly surpassing megabank ICBC as the mainland’s most...

CXMT's shares surge after raising $8.6 billion in Shanghai, highlighting China's push for self-sufficiency in memory chip technology.

China's ChangXin Memory Technologies (CXMT) became the country's most valuable listed company after its shares surged 470% on their Shanghai debut. The blockbuster listing, Asia's…

CXMT becomes China's most valuable listed company after blockbuster Shanghai debut