Six Chinese banks will earn $41 million (₹394.91 crore) in fees from ChangXin Memory Technologies' (CXMT) $8.6 billion (over ₹82,000 crore) IPO, Asia's biggest this year so far. CXMT secured a fee rate of 0.48%, far below 4.52% average for A-share IPOs, underscoring its strong negotiating power. Reportedly, CXMT is set to list on Shanghai Stock Exchange on July 27.