---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293069740.md"
description: "Shares of U.S.-listed Chinese companies are trading lower amid market liquidity concerns due to CXMT's IPO on Shanghai's STAR Market exchange. Other risk-off catalysts include threats from Moonshot AI's Kimi 3 model, a strong CNY rate fix by the PBOC and new a consumption tax on some previously exempted lithium battery products."
datetime: "2026-07-17T18:06:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293069740.md)
  - [en](https://longbridge.com/en/news/293069740.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293069740.md)
---

# 

Shares of U.S.-listed Chinese companies are trading lower amid market liquidity concerns due to CXMT's IPO on Shanghai's STAR Market exchange. Other risk-off catalysts include threats from Moonshot AI's Kimi 3 model, a strong CNY rate fix by the PBOC and new a consumption tax on some previously exempted lithium battery products.

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