Hefei Industrial Investment Group, a founding shareholder and the largest state-owned investor in ChangXin Memory Technologies, said it invested in the company in 2016 under decisions made by the Hefei municipal Party committee and government. According to Odaily, the group said it has continued investing in the CXMT project for 10 consecutive years and will keep supporting the company.
Public information shows that CXMT’s first phase began in 2016 with total investment of 18 billion yuan, of which Hefei state-owned investment institutions contributed 14.4 billion yuan, or 80%. Before CXMT’s listing, Hefei’s state-owned asset system held about 36.79% through platforms including Qinghui Jidian, Changxin Integration, Chanitou No. 1, and Hefei Jianchang. Hefei Industrial Investment Group said it will continue supporting CXMT’s development and deepen cooperation.
Hefei State-Owned Investor Says It Has Backed CXMT for 10 Years
2026-07-28 07:43:39
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