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CXMT's rise seen as success of 'Hefei Model'

Posted on July 31, 2026
By The China Daily
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1 min read

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CXMT's rise seen as success of 'Hefei Model'

Hefei, Anhui province, is seeing its efforts in support of high-tech enterprises bearing fruit as Chang-Xin Memory Technologies (CXMT) managed a massive recent debut on the nation's tech-heavy board, becoming the most valuable company among all A shares on its IPO day.