Shanghai contributed nearly 11% of Nio’s first-half China retail sales. ・Nio and Onvo models captured over 60% of the city’s large SUV market. ・Firefly deliveries surged nearly 272% and topped 70,000 ... ( read original story ...)
Foreign financial institutions welcome Shanghai’s new offshore finance initiative
During the 2026 Lujiazui Forum, six Chinese government agencies, including the People's Bank of China (PBOC), jointly released the "Action Plan for Developing Offshore Finance in Shanghai ... ( read original story ...)
Institutional demand for CXMT’s $8.6 bln Shanghai IPO dented by chip stock selloff
Chinese chipmaker CXMT Corp's $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the demand was less feverish ... ( read original story ...)
Shanghai Stock Exchange Today: SSE Composite Rises to 4,094.40 as Strong PMI Data and AI Stock Rally Lift Chinese Equities
The Shanghai Stock Exchange Composite Index closed at 4,094.40 on Tuesday, 30 June 2026, advancing 20.50 points or 0.50% as mainland Chinese equities extended their recovery for a second consecutive ... ( read original story ...)
CXMT’s $8.6 billion Shanghai IPO draws less frenzied demand amid China tech selloff
BEIJING/SHANGHAI, July 16 (Reuters) - Chinese memory chip giant CXMT's $8.6 billion initial public offering drew strong interest from retail investors, with subscriptions exceeding the shares ... ( read original story ...)
CXMT’s Shanghai IPO more than 200 times oversubscribed by retail investors
BEIJING, July 16 (Reuters) - Chinese chipmaker CXMT's Shanghai STAR Market IPO was more than 200 times oversubscribed by retail investors, according to an exchange filing on the share offering. The ... ( read original story ...)
Traders rush to place pre-IPO bets on Micron rival
Offered by Trade.xyz, the CXMT-USDC pair is a pre-IPO perpetual (IPOP) market. The CXMT contract tracks the value of 1 share of common stock in CXMT. Over the last 24 hours, trade ... ( read original story ...)