Sectors
On July 16, 2026, memory giant CXMT launched an $8B IPO on the STAR Market, the largest A-share IPO of 2026. Earmarking RMB 29.5B for DRAM and HBM projects, CXMT is positioned as a key bellwether for China's self-sufficient AI hardware thesis.
Market Brief
On July 16-17, 2026, 18 top firms filed for China's first Active ETFs with the CSRC. This regulatory milestone transforms the 6T-RMB A-share ETF market, providing daily transparency and real-time liquidity for global allocators.
Valuation
At WAIC 2026, China's AI stack showed massive integration. Driven by Moonshot's Kimi K3 and DeepSeek's $50B valuation, the robust momentum contrasts with the July 17 A-share tech dip, opening a tactical window for cheap China AI stocks.
Sectors
CXMT, China's largest DRAM maker, is preparing for a historic $9.8B IPO. Driven by the AI boom and US export controls, this listing offers global investors exposure to China's tech decoupling, balanced by persistent regulatory risks.
Sectors
Luxshare Precision priced its landmark Hong Kong H-share IPO at HKD 63.28, implying a historically tight ~13% AH discount. This compressed premium signals that global allocators are aggressively repricing China's high-tech manufacturing giants.
Valuation
On July 6, 2026, China rolled out sweeping trading upgrades. By expanding after-hours fixed-price trading to all A-shares, aligning fund closing, and doubling ST limits to ±10%, Beijing is lowering execution friction for global allocators.
Market Brief
As global AI capex surges, the China AI trade has bifurcated. While chip designer Cambricon hit a 1T RMB cap but warned of supply constraints, optical module leaders are prepaying billions to lock in scarce EML lasers and DSP components.
Market Brief
The 2026 Lujiazui Forum marked a structural inflection point: direct finance has surpassed bank loans. With new QFII CGB futures and PBoC Repo facilities, Beijing is making RMB a fully hedgeable, investable global reserve asset.
Market Brief
China's NDRC has committed $295B to national AI compute infrastructure — a single-policy capex outlay larger than any US hyperscaler's annual budget. What this means for global GPU demand, sovereign compute economics, and the investability of Chinese AI.
Market Brief
DeepSeek raised $7.4B at $50B+ valuation. The real story isn't the money — it's the term sheet that left every external investor without a vote.
Market Brief
China's $295B, 5-year plan for a unified AI network—operated by state telecoms and 80% supplied by domestic chips—locks Nvidia/AMD out, signaling global AI capex is entering its heavy-infrastructure phase. What A-share and US semiconductor investors need to know now.
Market Brief
DeepSeek targets GW-scale AI infrastructure, marking China's pivot from asset-light research to heavy-asset compute ownership. As AI expansion hits the global power bottleneck, we analyze why this shift puts DeepSeek in the same league as OpenAI’s Stargate and what it means for global investors.