Yangtze Memory Technologies has completed its A-share IPO tutoring filing, while ChangXin Technology has simultaneously restarted its listing process—China's two leading memory chipmakers are both racing toward capital markets! In Q3, Yangtze Memory captured a 13% global NAND market share, closing in on Micron, and reported over RMB 20 billion in revenue for the first quarter, doubling year-over-year. ChangXin Technology posted RMB 50.8 billion in Q1 revenue, with H1 revenue expected to surpass RMB 100 billion. As these domestic memory giants prepare to debut on public exchanges, they could trigger a revaluation of the entire memory supply chain, potentially catalyzing a new rally in Hong Kong-listed semiconductor stocks. $GIGADEVICE (03986.HK)$ surged as much as 14% intraday, $SMIC (00981.HK)$ rose more than 7%, $HUA HONG SEMI (01347.HK)$ gained over 5%. Against the backdrop of the recent chip price hike wave, which segment of China’s semiconductor industry deserves the most attention? Which stock do you favor?