Institution: The number and scale of A-share IPOs increased in the first half of the year, and the capital market continued to strengthen its support for technological innovation functions.

Wind data shows that as of June 27th, a total of 69 A-share companies have completed their initial public offerings this year, with a year-on-year increase of 35%; the total fundraising amount is 70.2 billion yuan, an 88% increase year-on-year. Looking at the listing sectors, the Sci-Tech Innovation Board and the Growth Enterprise Board together account for 20 companies, raising a total of 30.3 billion yuan, which represents 43% of the total fundraising amount in the market. In terms of industry distribution, most of the companies are from the technology hardware and equipment, materials, semiconductor and semiconductor production equipment, automotive and automotive parts industries. In terms of newly added guidance for the record companies, Wind data shows that there have been 225 companies that have received guidance for the record this year, exceeding the level of the same period last year. These companies cover areas such as semiconductors, biomedicine, new materials, and high-end equipment. A report on the IPO market in mainland China and Hong Kong released by Ernst & Young recently shows that in the first half of 2026, the pace of A-share IPO issuance has steadily increased, and it is expected to achieve synchronized growth in the number of new shares and fundraising scale compared to the same period last year, especially with a significant increase in the issuance volume on the Beijing Stock Exchange. The function of capital markets in serving the real economy and supporting technological innovation continues to strengthen.