A leading mainland Chinese exchange shaping China's capital markets
China’s CXMT has raised about $8.6-9.8 billion in its STAR-market IPO, underscoring Beijing’s drive for tech self‑reliance. The stock surged on debut but faces headwinds from limited access to EUV tooling and ongoing competition from Samsung, SK Hynix and Micron. Analysts say long-term success depends on closing technology gaps, not investor enthusiasm.
The Federal Communications Commission has added "advanced robotic devices" — including humanoid robots, four‑legged machines and some connected power inverters — to a list that blocks new foreign-made models from US markets on national‑security and cybersecurity grounds. The rule has taken effect for models not yet authorised; existing authorised devices remain allowed while exemptions can be requested.
Unitree Robotics has priced its Shanghai Star Market IPO at 150.80-150.8 yuan per share, raising about $900 million and valuing the company around $9 billion. Demand from retail investors was exceptionally strong, underscoring appetite for humanoid robotics while questions linger on commercial viability and scale.
China has extended a 360 billion yuan recapitalization to three major banks and five insurers, aiming to bolster the financial sector's ability to support the real economy amid slow growth and low interest margins.