Chipmaker CXMT eyes $9.8 bn in blockbuster China IPO

China’s leading memory chipmaker ChangXin Memory Technologies is seeking billions in an IPO. This move aims to bolster the nation’s artificial intelligence hardware capabilities. The company intends to rival global giants like Samsung and Micron. This significant offering marks China’s largest mainland tech share sale ever. It will provide a strong foundation for China’s AI…

Global Market: BoE governor calls for balanced banking rules, rejects deregulation push

Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology’s cross-border risks require coordinated oversight.