CXMT Eyes China's Biggest IPO Since 2022 | The China Show 5/28/2026

Summary

The China Show covers Asian markets reacting to geopolitical tensions in the Middle East, a hawkish hold from the Bank of Korea, and the CXMT IPO as a milestone for China's semiconductor self-sufficiency. Guests discuss AI investment themes, including a structural thesis from TCG Partners on how AI agents will drive massive demand for memory and hardware. The show also features interviews with UBS, Even Realities, and Beijing DeepZero.

• Asian stocks decline amid conflicting US-Iran signals and uncertainty over the Strait of Hormuz.
• CXMT heads for China's biggest IPO since 2022, raising up to $5 billion.
• Bank of Korea holds rates at 2.50% with a hawkish tilt; dot plot suggests potential rate hikes.
• ByteDance reportedly weighs 70 billion USD in AI capex.
• UBS conference in Hong Kong highlights strong investor interest in China and AI.
• Even Realities and Beijing DeepZero showcase AI application and enterprise software.
• TCG Partners' Esther Wong argues that AI agents will transform hardware demand, benefiting memory makers.