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  • Beijing Review

    Bargaining Chip

    Jul 30, 2020 4 minutes
     By Wang Jun
    Copyedited by Sudeshna Sarkar

    Semiconductor Manufacturing International Corp. (SMIC), China’s largest semiconductor foundry, listed on the one-year-old Science and Technology Innovation Board of Shanghai Stock Exchange (SSE), popularly known as the STAR Market, on July 16, becoming the first Chinese technology firm to list both on the Chinese mainland and Hong Kong Special Administrative Region.

    On the first day of trading, SMIC’s share price closed at 82.92 yuan ($11.86), surging by 201.97 percent from its issuing price of 27.46 yuan ($3.93). At the end of the day, it reached a market value of 613.76 billion yuan ($87.81 billion), the largest on the STAR Market.

    The company

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