Nexchip Semiconductor (688249.SH) Plans Hong Kong IPO, CSRC Requests Clarity on Legality of Historical Equity Changes

Stock News12-08

On December 6, the China Securities Regulatory Commission (CSRC) issued supplementary material requirements for overseas listing filings (December 1–5, 2025). The regulator has asked Nexchip Semiconductor Corporation (688249.SH) to provide a definitive conclusion on whether its establishment and historical equity changes comply with legal and regulatory standards.

According to a September 29 disclosure by the Hong Kong Stock Exchange, Nexchip has submitted a listing application for the main board, with China International Capital Corporation (CICC) acting as the sole sponsor.

Additionally, the CSRC has requested further clarification on whether the company’s domestic subsidiaries fall under prohibited or restricted categories for overseas listings as stipulated in Article 8 of the "Interim Measures for the Administration of Overseas Securities Offering and Listing by Domestic Enterprises." The regulator also seeks details on approval procedures related to the use of raised funds for overseas investments and whether Nexchip’s operations involve restricted or prohibited sectors under the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)."

Nexchip, a global leader in 12-inch pure-play wafer foundry services, has focused on advanced process technologies since its founding in 2015. The company provides wafer foundry solutions spanning 150nm to 40nm process nodes, with steady progress in its 28nm platform development.

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