The Chinese DRAM manufacturer’s share price soars by 500 per cent on the Shanghai Stock Exchange, reaching a market capitalisation of $540 billion. For Beijing, this is proof of its growing technological autonomy and its ability to compete with the United States. Europe looks on from the sidelines

“Xi Jinping’s statements leave no room for doubt: Beijing aims to lead a new technological order based primarily on open AI – albeit with limitations – as an alternative to and in competition with the American model. The Cxmt operation forms part of this objective,” says Antonio Cesarano, chief investment adviser at Sella Sgr

The director of the Siena-based institute is responding to Intesa Sanpaolo’s offer in a very cautious manner. Meanwhile, BPM is watching developments from afar “with satisfaction” 

The Minister for the Economy sought to send a message regarding this government’s ability to establish a new balance of power with the banking system: “With sound, profitable and innovative banks, the country is stronger. The reverse is also true.”