{
  "id": 441913,
  "title": "How China DRAM champion CXMT’s MSCI entry could lure fund inflows, cement its top ranking",
  "url": "https://urgent.news/2026/08/10/how-china-dram-champion-cxmts-msci-entry-could-lure-fund-inflows-441913",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T05:00:21.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/business/china-business/article/3363490/how-china-dram-champion-cxmts-msci-entry-could-lure-fund-inflows-cement-its-top-ranking"
  },
  "original_language": "en",
  "account": "ChangXin Memory Technologies (CXMT), China's leading producer of dynamic random access memory (DRAM) chips, has been added to the MSCI China All Shares Index, which may bolster its status as the most valuable stock on the onshore market. The move is anticipated to stimulate passive investing, according to analysts. The benchmark index, which tracks yuan-denominated stocks and companies trading in Hong Kong and the US, now includes CXMT, which was expected to become the second-largest constituent after Hong Kong-listed Tencent Holdings. MSCI expedited CXMT's inclusion due to its status as a mega initial public offering, allowing for entry 10 days post-market launch, as opposed to the typical quarterly review process. The semiconductor and memory industry's rising prominence in China, coupled with CXMT's high-profile listing, has attracted the attention of overseas investors. VanEck, a US-based asset management firm, may incorporate CXMT into its flagship ETF tracking semiconductor stocks as early as September. The company's shares, which surged 466% on its first day of trading, have since settled at 50.40 yuan, marking a 4% decline from their peak. The MSCI China All Shares Index currently comprises 576 stocks with a combined market capitalization of US$4.25 trillion. CXMT's inclusion in the Star Market 50 index, a Shanghai Stock Exchange benchmark, could further attract billions of yuan from passively managed index funds. UBS Group has taken a favorable stance on CXMT, highlighting it as a unique investment opportunity and a major beneficiary of both the global memory upturn and China's semiconductor localization efforts. The Swiss bank anticipates CXMT's share of global DRAM bit supply to increase to around 10% by 2028, up from approximately 7% in 2025. Additionally, CXMT is expected to gain market share in the server and AI memory sectors, with its presence in China's server DRAM projected to rise to around 20% by 2028, compared to 12% in 2025.",
  "summary": "The inclusion of ChangXin Memory Technologies (CXMT) in a broad MSCI gauge of Chinese stocks may strengthen the chipmaker’s position as the most valuable stock on the onshore market, with the move expected to spur passive buying, analysts say. CXMT, China’s biggest maker of dynamic random access memory (DRAM) chips used mostly in electronic products, joined the MSCI China All Shares Index on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "How China DRAM champion CXMT’s MSCI entry could lure fund inflows, cement its top ranking",
        "url": "https://urgent.news/2026/08/10/how-china-dram-champion-cxmts-msci-entry-could-lure-fund-inflows",
        "published": "2026-08-10T05:00:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}