CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after an early investment (William Sandlund/Financial Times)
William Sandlund / Financial Times: CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after an early investment — Funds run by local government make gains of 5,000% from chipmaker's blockbuster li

William Sandlund / Financial Times: CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after an early investment — Funds run by local government make gains of 5,000% from chipmaker's blockbuster li
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