Skip to navigationSkip to main contentSkip to right columnKane Wu and Yantoultra NguiFri, June 26, 2026 at 10:32 AM GMT+2 4 min readBy Kane Wu and Yantoultra NguiHONG KONG/SINGAPORE, June 26 (Reuters) - China's onshore technology IPOs are on track for their strongest year since 2023 as Beijing seeks to bolster listings of chip and artificial intelligence companies in a push for tech self-reliance amid the country's rivalry with the U.S.Technology companies have raised a total of $3.1 billion from stock market listings in China this year to June 18, more than five times the volume in the year-earlier period, according to LSEG data.Nearly 50 companies, including robotics startups and semiconductor firms, have applied for initial public offerings in Shanghai and Shenzhen, with fundraising plans totalling at least 126.1 billion yuan ($18.7 billion), according to Reuters calculations based on filings.One of the listing hopefuls, memory-chip maker ChangXin Memory Technologies (CXMT), is planning to launch a 29.5 billion yuan Shanghai IPO, which would be the largest this year and boost total listing value to a three-year high, LSEG data showed.The pickup in onshore listing momentum comes as Chinese regulators said on June 17 that they would support listings of startups in "future industries" like quantum technology, nuclear fusion and brain-computer interfaces.The Shanghai Stock Exchange has also published rules to facilitate public share sales by large-language-model companies on the STAR Market as part of its efforts to promote homegrown AI companies."The acceleration of technology IPOs has provided long-awaited exit opportunities for private equity and venture capital funds that have backed these companies," said Li He, co-head of law firm Davis Polk's Asia (ex-Japan) practice.The tech IPO push comes amid a China-U.S. tech war and marks a reversal of a listing hiatus that had persisted since 2024, when some domestic companies rushed to list in Hong Kong to raise offshore capital.Annual proceeds from stock market listings by technology companies in China fell to $2.7 billion in 2024 from $15.7 billion in 2023, before recovering to $3.6 billion in 2025, LSEG data showed, compared with $6.6 billion raised by Chinese tech companies in Hong Kong in 2025.'DEEP POOL OF CAPITAL'The China Securities Regulatory Commission (CSRC), in its address to a high-level financial forum in Shanghai earlier this month, said that it would back qualified Hong Kong-listed companies that are seeking mainland listings.Kenny Ng, a strategist at China Everbright Securities International, said the CSRC support could broaden access to mainland markets and improve liquidity.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info