July 2026 IPO Peak: 21 Registrations Set Monthly High; Changxin RMB57.919 Billion Largest Since Reform
In July 2026, 21 companies received IPO registration approvals, the highest monthly total of the year, with the Beijing Stock Exchange responsible for 11 of them. On the issuance side, 20 companies launched offerings, raising RMB80.79 billion, with the Beijing Stock Exchange accounting for 45% of the deals. Changxin Technology raised RMB57.919 billion, becoming the largest IPO under the registration system, surpassing the RMB53.23 billion raised by SMIC in 2020. Approvals on the ChiNext board slowed to three, down from six in June.
In July 2026, the number of IPO registration approvals reached a single-month high for the year, with 21 companies disclosing registration approvals. The Beijing Stock Exchange contributed more than half, with 11 companies approved, setting a new monthly record for that exchange in 2026. The STAR Market maintained a steady registration pace, with four approvals in July, unchanged from June. The ChiNext board slowed markedly, with only three approvals in July, half the six recorded in June. The Shanghai and Shenzhen main boards kept low approval volumes, with three in July and monthly counts from January to June of three, two, three, one, one and two respectively, showing limited fluctuation.