Yangtze Memory updates IPO tutoring progress, with 31 advisers from CITIC Securities and CSC

Yangtze Memory has updated its IPO tutoring progress report, according to information published on the website of the China Securities Regulatory Commission and cited by BlockBeats on July 11. The first-phase report, updated on July 10, shows that CITIC Securities and CSC Financial together assigned 31 staff members to the tutoring team. The current tutoring period ran from May 19 to June 30, 2026. The work was carried out through on-site due diligence, group training sessions, and communications on specific issues. The filing outlines what the advisers plan to do next rather than giving any listing timetable. According to the report, the next stage will focus on two areas. First, the team will coordinate with intermediaries and the company on issues identified during the process, work out compliance plans, push the company to implement rectification requirements, and keep urging it to improve corporate governance and internal control systems. Second, the advisers will push the company to deepen its understanding of laws and rules tied to issuance and listing, standardized operations, information disclosure, and the responsibilities and obligations related to fulfilling commitments.