STAR Market to see the largest planned fundraising in history? Bosera STAR 50 Index ETF (02832.HK) rises over 3%, attracting much market attention
NewTimeSpace News: On the news front, on December 30, 2025, Changxin Technology's application for an IPO on the STAR Market was accepted by the exchange. The listing process of this domestic DRAM technology leader has attracted much market attention, and it has multiple epoch-making significances in terms of institutional innovation in the capital market, financing scale, and the nature of the target. Its planned fundraising amount of 29.5 billion yuan has set a new record for the STAR Market (previously SMIC's planned fundraising of 20 billion yuan), and it is the first accepted project after the STAR Market piloted the pre-review mechanism, marking a breakthrough in institutional innovation.
Zheshang Securities believes that the semiconductor equipment industry will enter a high boom cycle in 2026 driven by both AI and independent and controllable logics. AI drives demand for HBM and high-end storage, creating structural growth opportunities. The technological iteration of 3D NAND stacking and DRAM significantly increases the usage and value of etching and thin film deposition equipment. At the same time, against the background of accelerated localization, domestic wafer factories have a strong willingness to expand production. Coupled with leading manufacturers such as Changxin and Changcun continuing to promote capacity construction, it is expected to drive the continuous release of domestic equipment orders. In addition, advanced packaging has become a key path to continue Moore's Law. CoWoS, HBM-related packaging processes have spawned demand for full-chain equipment such as TSV etching, micro-bump electroplating, and high-precision bonding, providing a broad alternative space for domestic equipment companies.
In terms of related ETFs, as of 15:48 on January 12, 2026, the increase ofBosera STAR 50 Index ETF (02832.HK) has reached 3.26%.
Bosera STAR 50 Index ETF (02832.HK) is a passively managed ETF that tracks the SSE STAR Market 50 Index. It directly invests in the 50 leading companies with the largest market capitalization and optimal liquidity on the STAR Market, covering hard technology fields such as semiconductors, high-end manufacturing, and biomedicine, such as SMIC and CATL.
NewTimeSpace Research reminds that this ETF is suitable for investors with high risk tolerance who are long-term optimistic about China's technological independence and industrial upgrading. It can be used as a tool to capture the dividends of technological growth in asset allocation, but attention should be paid to the characteristics of high concentration in the semiconductor industry and high stock price volatility.
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