CXMT Shares Surge 470%
China’s ChangXin Memory Technologies (CXMT) surged nearly 470% in its Shanghai stock market debut, reaching a reported market valuation of about 3.3 trillion yuan ($487 billion) as investors backed Beijing’s push to build a self-reliant semiconductor industry. The rally made CXMT one of the most valuable listed companies in mainland China, despite a broader sell-off












