Global investors largely shut out of Chinas biggest IPO in nearly four years are looking at creative proxy trades as a way to profit from the countrys fast-rising memory-chip leader.

Unable to buy directly into ChangXin Memory Technologies Inc. s planned $9.8 billion listing because of various regulatory restrictions on participation in mainland IPOs, many overseas investors are instead piling into brokers and even crypto derivatives tied to the blockbuster listing.

被中国近四年来最大规模 IPO 拒之门外的全球投资者，正寻求通过创新的代理交易方式，从该国快速崛起的存储芯片龙头企业中获利。

由于对参与中国大陆首次公开募股（IPO）存在诸多监管限制，许多海外投资者无法直接认购长鑫存储技术有限公司（ChangXin Memory Technologies Inc.）计划规模达 98 亿美元的上市股票，转而涌入与该重磅上市相关的券商股甚至加密货币衍生品市场。