Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>Chinese technology IPOs continue to outperform US tech sector IPOs in 2026.  China has instituted supportive policies to help its tech companies list on both the A- and H-share markets.</li>
<li>The CSI Information and Technology index has outperformed Nasdaq this year, even though China's largest chip makers have only a small fraction of the market capitalization of their global peers.</li>
<li>China's self-reliance policies, AI breakthroughs, USD weakness, and Hong Kong's international role continue to support the strong performance of China's tech IPOs this year.</li>
</ul>


Chinese technology IPOs continue to outperform US tech sector IPOs in 2026.  China has instituted supportive policies to help its tech companies list on both the A- and H-share markets.
The CSI Information and Technology index has outperformed Nasdaq this year, even though China's largest chip makers have only a small fraction of the market capitalization of their global peers.
China's self-reliance policies, AI breakthroughs, USD weakness, and Hong Kong's international role continue to support the strong performance of China's tech IPOs this year.


CHINA Vs U.S. TECH IPOs: WHY CHINA IS OUTPERFORMING (June 2026)

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>TOP STORIES Analysis: Why China’s Carmakers Fear Falling Behind Without Huawei China’s carmakers once feared Huawei Technologies Co. Ltd. would become a rival.</li><li>Now many worry they can’t compete without it.</li><li>At an April 23 launch event, Huawei’s smart car unit rolled out a slate of new technologies, including the Qiankun ADS 5 autonomous driving system, the HarmonySpace 6 smart cockpit and Qiankun OS, which the company described as the industry’s first operating system designed for autonomous vehicles.</li></ul>

TOP STORIES Analysis: Why China’s Carmakers Fear Falling Behind Without Huawei China’s carmakers once feared Huawei Technologies Co. Ltd. would become a rival.Now many worry they can’t compete without it.At an April 23 launch event, Huawei’s smart car unit rolled out a slate of new technologies, including the Qiankun ADS 5 autonomous driving system, the HarmonySpace 6 smart cockpit and Qiankun OS, which the company described as the industry’s first operating system designed for autonomous vehicles.

CX Daily: Why China’s Carmakers Fear Falling Behind Without Huawei 

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>On 19 May 2026, China’s Hubei securities regulator accepted CITIC Securities’ tutoring filing for Yangtze Memory Technologies Holding Co., Ltd. (YMTC), the country’s only end-to-end 3D NAND manufacturer.</li>
<li>Reports suggest YMTC Q1 2026 revenue of  ¥20 billion, doubling YoY, driven by AI data center NAND demand.</li>
<li>Once Phase III ramps, Guosheng estimates YMTC’s global NAND share exceeds 15%. After that, two more fabs are reportedly planned that would double total YMTC capacity at full production. Yikes! </li>
</ul>


On 19 May 2026, China’s Hubei securities regulator accepted CITIC Securities’ tutoring filing for Yangtze Memory Technologies Holding Co., Ltd. (YMTC), the country’s only end-to-end 3D NAND manufacturer.
Reports suggest YMTC Q1 2026 revenue of  ¥20 billion, doubling YoY, driven by AI data center NAND demand.
Once Phase III ramps, Guosheng estimates YMTC’s global NAND share exceeds 15%. After that, two more fabs are reportedly planned that would double total YMTC capacity at full production. Yikes! 


YMTC’s Submits "Tutoring" Filing In Preparation For Another STAR IPO

<ul><li>In Depth: How the Gree Windfall Got Squandered</li><li>Analysis: Chinese Savers Move Beyond Bank Deposits as Rates Fall</li><li>Exclusive: China Steps Up Oversight of Bond Rating Terminations</li><li>China Evergrande Liquidators Sue PwC for $8.4 Billion Over Audit Work</li></ul>

In Depth: How the Gree Windfall Got SquanderedAnalysis: Chinese Savers Move Beyond Bank Deposits as Rates FallExclusive: China Steps Up Oversight of Bond Rating TerminationsChina Evergrande Liquidators Sue PwC for $8.4 Billion Over Audit Work

CX Daily: How the Gree Windfall Got Squandered 

<ul><li>Huawei /: Huawei cedes some control over sales to automaking partners, sources say</li><li>IPO /: Li Ka-shing’s son takes insurer FWD public in Hong Kong</li><li>Hikvision /: Chinese surveillance-gear maker fights Canadian ban</li></ul>

Huawei /: Huawei cedes some control over sales to automaking partners, sources sayIPO /: Li Ka-shing’s son takes insurer FWD public in Hong KongHikvision /: Chinese surveillance-gear maker fights Canadian ban

CX Daily: Huawei Cedes Some Control Over Sales to Automaking Partners, Sources Say 

China

CXMT Corporation develops, manufactures, and distributes integrated circuit products. The Company produces dynamic random-access memory chips. CXMT conducts businesses in China.

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CXMT Corporation (688825 CH)

CHINA Vs U.S. TECH IPOs: WHY CHINA IS OUTPERFORMING (June 2026)

Chinese technology IPOs continue to outperform US tech sector IPOs in 2026. China has instituted supportive policies to help its tech companies...

David Mudd

CX Daily: Why China’s Carmakers Fear Falling Behind Without Huawei

TOP STORIES Analysis: Why China’s Carmakers Fear Falling Behind Without Huawei China’s carmakers once feared Huawei Technologies Co. Ltd. would...

Caixin Global

YMTC’s Submits "Tutoring" Filing In Preparation For Another STAR IPO

Once Phase III ramps, Guosheng estimates YMTC’s global NAND share exceeds 15%. After that, two more fabs are reportedly planned that would double...

William Keating

CX Daily: How the Gree Windfall Got Squandered

TOP STORIES In Depth: How the Gree Windfall Got Squandered A widening corruption probe in the southern Chinese manufacturing city of Zhuhai is...

Caixin Global

CX Daily: Huawei Cedes Some Control Over Sales to Automaking Partners, Sources Say

TOP STORIES Huawei / Huawei cedes some control over sales to automaking partners, sources say Huawei Technologies Co. Ltd. is relinquishing some...

Caixin Global

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