<div id="readability-page-1" class="page"><div><p>Changxin Technology's STAR Market IPO application has passed the review of the Shanghai Stock Exchange Listing Committee, with its IPO review status updated to &#34;Submitted for Registration&#34;. According to the prospectus, Changxin Technology plans to issue no more than 10.622 billion shares in its IPO, raising RMB29.5 billion. It is set to become the largest A-share IPO this year and the second-largest IPO in the history of the STAR Market, only behind SMIC.</p><p>This morning (28th), SMIC (00981.HK)<span> </span><span> +5.150 (+6.045%)  </span> <span> Short selling $2.27B; Ratio 13.645%  </span>  opened down 0.29% before reversing course. It is now quoted at HKD90.1, up 5.75%, with turnover of 158 million shares, involving HKD14.258 billion. HUA HONG SEMI (01347.HK)<span> </span><span> +19.400 (+12.730%)  </span> <span> Short selling $1.30B; Ratio 16.887%  </span>  is now quoted at HKD170.7, up 12.01%, with turnover of 36.6323 million shares, involving HKD6.111 billion. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-27 16:25.)</p></div></div>

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<p>Changxin Technology's IPO application has been approved by the Shanghai Stock Exchange Listing Committee, aiming to raise RMB29.5 billion with up to 10.622 billion shares. This will be the largest A-share IPO of the year. Meanwhile, SMIC shares rose nearly 6% and HUA HONG SEMI jumped 12% despite initial market trends.</p>

AASTOCKS News

Changxin Technology STAR Market IPO Approved by Listing Committee, SMIC Rises Nearly 6% Against Market Trend, HUA HONG SEMI Jumps 12%