CXMT listing propels STAR Market, China's Nasdaq, to the big time

MarketsChipmaker's strong debut shows how Chinese state funds are underpinning marketsCXMT became the most valuable company on mainland Chinese markets after its July 27 listing. © ReutersKENSAKU IHARAJuly 30, 2026 02:18 JSTHONG KONG -- The Shanghai Stock Exchange's high-tech STAR Market has gained prominence thanks to the blockbuster listing of chipmaker CXMT, playing a growing role in China's state-led industrial race with the U.S.