“630大限”41家企业“踩点”获受理 业内：交易所集中高效受理向市场传递积极信号

Core Viewpoint - The A-share IPO market has shown signs of recovery in June, with a significant increase in the number of IPO applications and the amount of funds raised, indicating a more favorable regulatory environment for new listings [1][5][6]. Group 1: IPO Market Activity - In June, the number of IPO applications reached 151, with 41 companies accepted on June 30 alone, marking a notable increase compared to only 32 applications in the first half of 2024 [1][2]. - The total amount raised from A-share IPOs in June was approximately 91.53 billion yuan, making it the second-highest monthly total of the year [5][6]. - A total of 51 new stocks were listed in the first half of 2024, raising 373.55 billion yuan, which represents a year-on-year increase of about 16% in the number of new stocks and approximately 15% in total financing [6]. Group 2: Regulatory Changes and Support for Innovation - The China Securities Regulatory Commission (CSRC) announced a "1+6" policy to deepen reforms in the Sci-Tech Innovation Board, which includes the establishment of a growth tier to support unprofitable tech companies like Moer Technology [3][7]. - The focus of the exchanges is on supporting innovative small and medium-sized enterprises, particularly those classified as "specialized, refined, and new" [1][5]. - The regulatory changes aim to stabilize market expectations and boost investor confidence, indicating that the capital market's financing function remains active [5][7]. Group 3: Market Sentiment and Future Outlook - Analysts suggest that the increase in IPO applications is partly due to the impending "630 deadline," which requires companies to submit updated financial reports to avoid expiration [4][5]. - The market is expected to see a gradual increase in activity in the second half of 2024, driven by ongoing reforms and a supportive environment for high-tech companies [7].