KraneShares announced that its KSTR ETF is now the only US-listed fund holding direct ownership of ChangXin Memory Technologies (CXMT) through its Qualified Foreign Institutional Investor (QFII) quota. This Chinese semiconductor company completed a spectacular IPO on Shanghai’s STAR Market in late July 2026, surging nearly 500% on its debut to become mainland China’s largest listed company by market capitalization. CXMT’s Q1 2026 revenue jumped over 700% year-over-year, driven by AI-related demand for memory chips. This structural shift enables American investors to directly access Chinese technology companies through a regulated channel amid increasing geopolitical tensions.
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