Overview
- The company listed in Hong Kong on Thursday, July 30, 2026, selling shares at HK$980 to raise about HK$53.4 billion and reach a market capitalisation above HK$1 trillion.
- Zhongji announced a 4–8 billion yuan buy-back of its Shenzhen A shares on July 29 to steady onshore prices before the offshore listing and to limit downward pressure on H-share pricing.
- Shares fell on their first day of trading, dropping in early trade by single- to high-single-digit percentages as global investor appetite for AI-related stocks weakened.
- Zhongji remains on a US Department of Defense blacklist over alleged military links, a designation the company rejects and that it says could draw extra scrutiny and possible further steps by US authorities.
- The firm is a major supplier of high-speed optical transceivers to hyperscalers including Google and Nvidia, and its large US-linked revenue and market share make the listing a test of investor appetite for China’s AI supply chain expansion.