China’s stock markets have seen an IPO boom driven by artificial intelligence and advanced technology, raising $54 billion so far this year. Among the largest offerings, Shein, the China-founded e-commerce and fast fashion giant, is set to debut on the Hong Kong Stock Exchange with a $1.7 billion IPO. This marks one of the biggest share sales in the city this year, according to fortune.com.
The surge in IPOs includes CXMT, China’s largest memory chipmaker, which raised over $8.6 billion in July on Shanghai’s Nasdaq-style STAR market. CXMT’s shares soared 466% on their first trading day. Similarly, Unitree, a leading humanoid robot maker, debuted in Shanghai in August with shares rising 460% on day one. Ruiying Zhao, senior research analyst at S&P Global Market Intelligence, attributed the boom to strong investor appetite for AI and robotics.
The IPO boom underscores China’s strategic push for tech self-sufficiency and leadership in AI-related manufacturing. Perris Lee, head of APAC equity capital markets at ION Analytics, noted that CXMT’s IPO positioned China significantly in tech manufacturing tied to AI. The trading surge is largely driven by retail investors in Shanghai, reflecting growing domestic enthusiasm for technology stocks in the AI sector.
CXMT reported a revenue increase of more than 700% year-on-year to 50.8 billion yuan, highlighting the rapid growth of China’s tech firms amid this IPO wave. Shein’s Hong Kong listing is scheduled for Tuesday, adding to the momentum of China’s AI-driven public market activity in 2026.