China CSRC approves ChangXin Technology Group’s IPO registration on June 12
The STAR Market listing would fund wafer line upgrades, DRAM technology improvements and research, after the company cleared the Shanghai exchange’s listing committee review in May.
Fact Check
The official CSRC reply document directly confirms approval of ChangXin Technology Group's (长鑫科技集团) IPO registration for the STAR Market, matching the claim. The Securities Times (STCN) report dated June 12, 2026 confirms the public announcement of the approval on that date. The Shanghai Stock Exchange disclosure page shows the company filed its registration-stage prospectus on May 27, 2026, consistent with clearing the exchange's listing committee review in May, and the Chosun report corroborates that the listing funds production/DRAM expansion. The only minor nuance is the CSRC document is internally dated June 5, 2026 while the public news flash was June 12, 2026; both align with the claim's stated date of approval/announcement.
Summary
China’s securities regulator approved ChangXin Technology Group’s IPO registration on June 12, advancing the DRAM maker’s planned STAR Market listing after it passed the Shanghai Stock Exchange listing committee review on May 27. The company plans to raise 29.5 billion yuan to upgrade wafer production lines, improve DRAM technology and support research and development. Its prospectus showed first-quarter 2026 revenue of 50.8 billion yuan and net profit of 24.762 billion yuan.
Terms & Concepts
- STAR Market: Shanghai’s technology-focused stock market, designed for science and innovation-driven companies.
- DRAM: Dynamic random-access memory, a widely used semiconductor memory chip for computers, servers and other electronics.
- IPO: An initial public offering, in which a company sells shares to public investors for the first time.