How China’s ‘Hefei model’ spawned a chipmaker’s multibillion-dollar IPO plan
- Posted on June 8, 2026
- By South China Morning Post
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- 1 min read
How China’s ‘Hefei model’ spawned a chipmaker’s multibillion-dollar IPO plan
City government has leveraged over 220 billion yuan in state-owned capital to drive project investment in emerging industrial clusters.