[DEVELOPING] YMTC pauses $4.9B Shanghai IPO; sources say CSRC told banks to slow AI and chip listings
Reuters reported, citing a staff memo and people familiar, that YMTC paused its planned 33B-yuan STAR Market listing. A first-half 2027 listing is described as likely, depending on market conditions. Four sources told Reuters that China's securities regulator has informally asked banks to slow AI and chip IPOs; the STAR50 index fell 40% from its July peak through October. The story is single-sourced: CSRC and YMTC did not comment. Any formal regulatory guidance would be the confirming step.