MSCI Adds $471 Billion ChangXin Memory to China All Shares Index as Hard-Tech Exports Jump 50%
Updated
Updated · Belt and Road Portal · Aug 12
MSCI Adds $471 Billion ChangXin Memory to China All Shares Index as Hard-Tech Exports Jump 50%
3 articles · Updated · Belt and Road Portal · Aug 12
Summary
MSCI added ChangXin Memory Technologies to its China All Shares Index on Monday under a fast-track rule for large IPOs, extending the chipmaker’s rapid rise after its Shanghai STAR Market debut last month.
ChangXin surged 465.82% on debut to a market value above 3.2 trillion yuan, or about $471.28 billion, while U.S.-based Tema ETFs made it a top holding with a 10.56% weight on day one.
China’s high-tech exports rose more than 50% year on year in July, far outpacing 17.8% growth in total exports as AI, semiconductors and advanced manufacturing lifted earnings and drew foreign investor interest.
Goldman Sachs has twice raised its 12-month CSI 300 target this year and kept an overweight call on Chinese equities, while Nomura and Morgan Stanley pointed to advantages in AI, energy storage and advanced manufacturing.
Analysts said that optimism still sits alongside weak domestic demand and pressure on household consumption and profits, leaving stronger fiscal support and policy execution crucial to sustaining China’s second-half recovery.