BTC $80,066.77 -1.42%
ETH $2,322.64 -1.54%
BNB $739.18 -2.71%
XRP $1.29 -2.43%
SOL $100.28 -2.26%
TRX $0.3312 -0.15%
DOGE $0.0786 -1.80%
ADA $0.2010 -2.62%
BCH $279.52 -6.20%
LINK $11.62 -1.15%
HYPE $87.91 +8.12%
AAVE $132.88 -1.48%
SUI $0.9218 -1.96%
XLM $0.1697 -1.00%
ZEC $1,273.10 -2.09%
AAPL $348.61 +0.72%
AMZN $250.03 -1.43%
GOOGL $288.68 -11.23%
MSFT $539.07 +1.75%
META $618.14 -0.53%
NVDA $214.23 -2.53%
TSLA $402.70 -1.90%
SNDK $1,364.83 +0.04%
INTC $92.29 -3.27%
SPCX $142.88 -4.26%
MU $955.98 -0.83%
AMD $564.82 -0.77%
BTC $80,066.77 -1.42%
ETH $2,322.64 -1.54%
BNB $739.18 -2.71%
XRP $1.29 -2.43%
SOL $100.28 -2.26%
TRX $0.3312 -0.15%
DOGE $0.0786 -1.80%
ADA $0.2010 -2.62%
BCH $279.52 -6.20%
LINK $11.62 -1.15%
HYPE $87.91 +8.12%
AAVE $132.88 -1.48%
SUI $0.9218 -1.96%
XLM $0.1697 -1.00%
ZEC $1,273.10 -2.09%
AAPL $348.61 +0.72%
AMZN $250.03 -1.43%
GOOGL $288.68 -11.23%
MSFT $539.07 +1.75%
META $618.14 -0.53%
NVDA $214.23 -2.53%
TSLA $402.70 -1.90%
SNDK $1,364.83 +0.04%
INTC $92.29 -3.27%
SPCX $142.88 -4.26%
MU $955.98 -0.83%
AMD $564.82 -0.77%

cto

All
Article
Flash

first_img Thirteen IPOs on the Sci-Tech Innovation Board were terminated this year, with semiconductor companies accounting for nearly 40%

The Science and Technology Innovation Board Daily cited Wind data stating that by 2026, 76 IPOs had terminated their review, with 13 from the Science and Technology Innovation Board, accounting for 17.1%. In 2025, a total of 50 IPOs were terminated, with only 3 from the Science and Technology Innovation Board, accounting for 6%. The total fundraising scale of terminated IPOs on the Science and Technology Innovation Board in 2026 was 18.248 billion yuan, nearly 5 times the 3.181 billion yuan in the same period of 2025. After entering the fourth quarter, Saikexis and Zhongke Innovation successively terminated their reviews.Among the 13 terminated projects on the Science and Technology Innovation Board, 5 were related to semiconductor and integrated circuit companies, including Wuhan Xinxin, Shanghai Xinyi, Beijing Tongmei, Taosheng Electronics, and Yadian Technology, accounting for approximately 38.5%. Beijing Tongmei was the only project that terminated during the registration phase, accepted on January 10, 2022, submitted for registration on August 1 of the same year, and terminated registration on July 2, 2026, lasting over 4 years. Wuhan Xinxin was accepted at the end of September 2024 and terminated in May 2026, queuing for nearly 600 days, intending to raise 4.8 billion yuan, accounting for about 26.3% of the total intended fundraising of the 13 terminated projects.The duration from acceptance to termination varied significantly. Huihe Medical was accepted on June 30, 2026, and terminated on September 24, taking 86 days, making it the first IPO to withdraw after being selected for on-site inspection this year. Saikexis voluntarily withdrew six months after acceptance, marking the third IPO failure in six years. Huandong Technology was accepted on November 25, 2024, and terminated on September 21, 2026, lasting about 22 months, being the first robot company to terminate an IPO this year, mainly engaged in robotic joint reducers, sponsored by GF Securities. According to the criteria of semiconductors, software equipment, hardware services, etc., there have been 37 IPO listing applications that have become invalid in the Hong Kong stock market this year, compared to 11 in the same period last year.

Tonight's Federal Reserve meeting preview: The "pause" in rate hikes in October is almost certain, how it will affect the probability of a rate hike in December becomes the focus

The Federal Reserve will announce its October interest rate decision at 2 AM Beijing time on the 29th. The market generally expects the federal funds rate target range to remain unchanged at 3.75%--4.00%, with a probability of maintaining the status quo at over 90%. The wording of the statement and whether Chair Waller's press conference will release more hawkish signals, as well as how this will affect the market's significantly priced probability of a 25 basis point rate hike in December, have become the focus of attention.Goldman Sachs, Citigroup, and Credit Agricole all expect a pause in October and a 25 basis point hike in December. Goldman Sachs stated that if rate hikes continue every other meeting through 2027, a hike in March may be considered, but the baseline forecast does not expect a hike in March. Citigroup mentioned that if the stock market continues to weaken, leading to a sharp tightening of financial conditions, the likelihood of a shift to rate cuts will significantly increase. Moody's believes there will not and should not be another rate hike this week. Nomura Securities expects no change in October and stated that while the Federal Reserve guides expectations for a pause, it retains flexibility for a rate hike in December.TD Securities expects no change in October and anticipates two more hikes in December and March. Huatai Securities expects no change in October, with two hawkish voters possibly casting dissenting votes, with the baseline scenario being one rate hike in December this year and two hikes next year. Morgan Stanley expects a 25 basis point hike in both December and March next year. Bank of New York Mellon expects rates to peak slightly above 4.5%. Bank of America believes there is ample reason to raise rates in October; if they remain unchanged, they will only retain one option for a future hike.
app_icon
ChainCatcher Building the Web3 world with innovations.