ChangXin Memory Technologies 

CXMT Price

What is ChangXin Memory Technologies (CXMT) stock?

CXMT is the DropsTab-listed market that references ChangXin Memory Technologies, a Chinese DRAM manufacturer traded on the Shanghai STAR Market under ticker 688825. ChangXin Memory Technologies was founded in May 2016 and headquartered in Hefei, Anhui. As of 2026, ChangXin Memory Technologies is China's largest and the world's fourth-largest DRAM maker. DropsTab classifies CXMT under TradFi — the tracked instrument is a perpetual derivative, not a coin or token.

Which asset does CXMT on DropsTab represent?

CXMT on DropsTab represents a derivative-only perpetual market referencing the underlying STAR-Market equity. There is no spot pair, no wrapper token, and no on-chain contract attributable to the tracked instrument. DropsTab lists no spot market and no DEX market for CXMT — only perpetual venues. The underlying shares trade separately on the Shanghai STAR Market under ticker 688825.

What backs CXMT's market value?

CXMT's market value is backed by the share price of ChangXin Memory Technologies' publicly-listed equity on the Shanghai STAR Market. The perpetual markets track the underlying stock, ticker 688825, which debuted on July 27, 2026. There is no token reserve, no collateral pool, and no on-chain backing — CXMT derives value from the listed equity alone.

How is CXMT traded on DropsTab perpetual markets?

CXMT trades exclusively on derivative venues — no spot pair and no DEX market is available. Per DropsTab data, CXMT has zero spot markets and zero DEX markets, with exposure limited to perpetual venues including Hyperliquid (Futures) and Gate.io Futures. Liquidity risk is material: with no spot market on DropsTab, traders can only access CXMT through perpetual contracts, while the underlying equity trades separately on the Shanghai STAR Market.

Is CXMT a cryptocurrency or tokenized stock?

CXMT is not a cryptocurrency. DropsTab classifies CXMT under TradFi, reflecting that the instrument is a derivative referencing a publicly-listed Chinese equity. ChangXin Memory Technologies is a semiconductor company, and CXMT has no on-chain contract, no token supply, and no native token.

Who owns ChangXin Memory Technologies?

ChangXin Memory Technologies has dispersed ownership, with no controlling shareholder and no actual controller per the 2026 prospectus. Top shareholders are Qinghui Jidian at 21.67%, ChangXin Integrated at 11.71%, China Integrated Circuit Industry Investment Fund Phase II at 8.73%, Hefei Jixin at 8.37%, and Anhui Investment at 7.91%. Hefei-government-linked investors collectively hold 36.8%, so state-linked interests together control a large block despite no single holder exceeding roughly 22%.

How much did CXMT's STAR Market IPO raise?

ChangXin Memory Technologies raised approximately 29.5 billion yuan (about US$4.2 billion) in net proceeds from its STAR-Market IPO. The IPO was priced at Rmb8.66 per share, and the CSRC approved the registration on June 5, 2026. Proceeds are allocated per prospectus: 7.5 billion yuan for memory-wafer production-line upgrades, 13 billion yuan for DRAM technology upgrades, and 9 billion yuan for forward-looking DRAM R&D. The July 27, 2026 debut was the largest Chinese IPO of 2026.