Zhong Guo Jin Rong Xin Xi Wang·2026-02-02 23:21Summary of Key Points Core Viewpoint - In January 2026, A-share listed companies in China executed 15 private placements, raising a total of approximately 119.4 billion yuan, which represents a year-on-year increase of 48% [2][6]. Group 1: Fundraising Activities - The actual fundraising amount in January 2026 was about 1194.03 billion yuan, showing a year-on-year increase of 48% and a month-on-month increase of 242% [2][6]. - Among the companies, Hongqiao Holdings raised the most, with a total of 635.18 billion yuan from issuing 11.895 billion shares at a price of 5.34 yuan per share [6][9]. - Electric Power Investment raised 402.85 billion yuan by issuing approximately 11.99 billion shares at a price of 3.36 yuan per share [6][9]. Group 2: Planned Fundraising - In January 2026, 48 private placement plans were disclosed by A-share listed companies, with a total planned fundraising amount of approximately 43.92 billion yuan, which is a year-on-year decrease of 51% but a month-on-month increase of 20% [10][12]. - The largest planned fundraising was by *ST Songfa, aiming to raise up to 7 billion yuan for various projects related to shipbuilding [12][13]. - Tongfu Microelectronics planned to raise up to 4.4 billion yuan for enhancing production capacity in semiconductor packaging [12][13]. Group 3: Industry Distribution - The materials and industrial sectors each had 5 private placements, with the materials sector raising a total of approximately 673.85 billion yuan, the highest among all sectors [9][10]. - The industrial sector led in the number of planned placements with 16, followed by the information technology sector with 13, and the consumer discretionary sector with 7 [18].