Securities firms spent more than 10.7 billion yuan participating in private placements within the year.

Since the beginning of this year, the capital market has been performing well and investment and financing activities have remained active. Among them, private placements have become an important way for listed companies to raise funds. Data from Wind Information shows that the amount of funds raised through private placements by A-share listed companies has increased by over 375% year-on-year, bringing more business opportunities for securities firms. On one hand, the hot private placement market directly drives the growth of underwriting and sponsorship fees for securities firms; on the other hand, securities firms actively seize investment opportunities, collectively subscribing to over 10.7 billion yuan worth of shares issued by listed companies this year.