How China DRAM champion CXMT’s MSCI entry could lure fund inflows, cement its top ranking

Chipmaker’s inclusion in main global index system set to spur passive demand and spotlight China’s growing semiconductor clout: analysts The addition followed MSCI’s rule of fast-tracking inclusions of mega initial public offerings 10 days after the start of trading, compared with the quarterly reviews for normal inclusions. “As China’s leading DRAM maker, CXMT’s inclusion in the main global index system will boost demand for allocations by passive funds and draw more attention to China’s semiconductor and memory industry chains,” Ping An Securities said. CXMT’s high-profile listing, coupled with China’s rising clout in the global semiconductor supply chain, has drawn overseas investors’ attention, even as access to yuan-denominated stocks remains restricted.

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