Bloomberg: Changjiang Storage completes listing guidance or becomes China's next major chip IPO

Comparative news, according to Bloomberg reports, Chinese memory chip manufacturer Changjiang Storage (YMTC) has completed listing guidance work and is moving further ahead of entering the A-share market.

According to the China Securities Regulatory Commission website, Changjiang Storage has completed pre-listing counseling and has been determined to have the corporate governance structure, financial foundation and internal control system required for listed companies. The market believes that YMTC is expected to replicate the capital market path of competitor Changxin Storage (CXMT), expand production capacity through IPO financing, and help China promote the autonomy of the semiconductor industry.

Previously, Changxin Storage completed the second-largest IPO in mainland China, raising about 66.6 billion yuan. After listing, its stock price soared, and at one point it became one of the listed companies with the highest market capitalization in China.

Both YMTC and CXMT are important companies in China's independent semiconductor supply chain. As demand for AI drives the tight supply of global memory chips, the two companies have received attention from the capital market, and related chip industry chain stocks have recently risen sharply.

According to reports, Changjiang Storage's flash memory shipments in the second quarter of this year surpassed Japan's Kioxia (Kioxia) for the first time, becoming the third largest NAND flash memory supplier in the world, and further narrowing the market gap with Samsung Electronics and SK Hynix.

However, the news that YMTC is advancing its IPO has also raised concerns about liquidity in the market. Some investors believe that the listing of large technology companies may divert market capital, putting pressure on the short-term performance of technology stocks. On Wednesday, the SSE Science Innovation 50 Index fell 6.9%, the biggest drop in nearly a month.