CMB International-backed ChangXin Technology lists on Shanghai STAR Market, closes at CNY 49/share

• DRAM maker ChangXin Technology listed on Shanghai’s STAR Market on July 27, closing at CNY 49 with a market value above CNY 3.27 trillion.
• CMB International Asset Management’s Zhaoyin Yunting Growth Equity Investment Fund invested in ChangXin Technology’s Series A round in December 2020.
• At the first close, the fund’s stake was valued at about CNY 460 billion.
• ChangXin Technology said 2026 Q1 revenue rose to CNY 50.8 billion; net profit climbed to CNY 33 billion.

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