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title: "Hefei Municipal Government — Stuff That Spins"
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# Hefei Municipal Government

**Type:** organization  
## Related Articles

- [CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after an early investment (William Sandlund/Financial Times)](https://stuffthatspins.com/spin/cxmts-ipo-delivers-a-windfall-for-hefei-an-eastern-china-inland-industrial-city-with-the-government-sitting-on-5000-pape) — July 28, 2026

## Related Claims

- Funds run by local government make gains of 5,000% from chipmaker's blockbuster listing

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