BEIJING, Aug 21 : Chinese chipmaker Yangtze Memory Technologies Corp's (YMTC) application to list its shares in Shanghai has been accepted by the financial hub's stock exchange, filings showed on FridayThe move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Mark

The memory-chip maker has completed its pre-IPO tutoring work, paving the way for a listing on the city’s STAR market as the company catches up with South Korean and U.S. rivals

Yangtze Memory has completed the IPO counseling acceptance process, clearing a key preparatory milestone for a potential Shanghai listing. The Chinese