Search results for China Securities Regulatory Commission
Industry
China\'s top DRAM maker CXMT launches $4.3 billion Shanghai IPO, test for AI memory push
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, is launching a Shanghai IPO worth about $4.3 billion as AI data centre demand drives a surge in memory needs. Subscriptions on the STAR Market are set to begin on July 16. The company plans to raise 29.5 billion yuan by selling about 6.69 billion shares, around 10 percent of total shares after listing, with an overallotment option also secured.
AI & Enterprise
China adds 67 new unicorns in first half as AI, robots dominate
China produced 67 new unicorn companies in the first half of 2026, showing a rapid expansion in its tech startup ecosystem focused on artificial intelligence and robotics. More than 53 percent of new unicorns were in AI and robotics. Hangzhou-based AI startup DeepSeek drew attention after being valued at about 400 billion yuan in its first external fundraising. PitchBook data showed China accounted for 67 of 90 new unicorns globally in the period.
Finance
Huaxing Securities joins Futu, Tiger in curbing trades for mainland China clients
Huaxing Securities will restrict new trading for mainland China clients, extending curbs beyond Futu Holdings, Tiger Brokers and Longbridge as Chinese regulators widen their offshore broker crackdown. From June 15 Beijing time, Huaxing will stop new purchases and position openings for mainland accounts and block incoming funds and securities transfers, while allowing sales of existing holdings. The firm said the move follows regulatory requirements during a two-year rectification period.
