Seize the investment opportunities in the equity market and normalize the practice of using financial funds for IPO subscriptions.

Recently, Changxin Technology announced the preliminary results of offline initial placement and online lottery results. Several financial companies appeared as Class A investors in the preliminary placement details for offline investors. At the same time, some financial companies also won shares in Changxin Technology through online subscription. It is understood that as the fixed-income + strategy in the financial industry continues to advance, new stock subscriptions have become a regular operation for financial funds. In the past two years, the performance of new stock issuances in the market has been good, making new stock subscriptions a choice that combines safety and returns for financial companies. In addition to new stock subscriptions, in a low interest rate environment, bank financial funds are actively expanding into the equity market through private placements, and by creating index-linked financial products, to explore new engines of income beyond fixed income. In the view of industry insiders, the accelerated expansion of financial companies into the equity market is not only an important measure in response to the policy direction of long-term capital entering the market, but also an important path to explore high-quality assets and increase product returns. As financial funds expand their intersection with the equity market, they further facilitate the bridge between the diversified wealth management needs of residents and the direct financing needs of the real economy.