Summary of Key Points Core Viewpoint - In January 2026, a total of 9 companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 9.053 billion yuan in funds [1]. Group 1: Listing and Fundraising - The 9 listed companies included 3 from the main boards of Shanghai and Shenzhen, 1 from the Sci-Tech Innovation Board, and 5 from the Beijing Stock Exchange [1]. - The top fundraising company was Zhenstone Co., Ltd., which raised 2.919 billion yuan, followed by Hengyun Chang and Shaanxi Tourism, which raised 1.561 billion yuan and 1.555 billion yuan respectively [1]. Group 2: Underwriting and Sponsorship Fees - A total of 9 securities firms participated in the underwriting and sponsorship of the newly listed companies, earning a combined fee of 457 million yuan [1]. - China International Capital Corporation (CICC) ranked first in underwriting fees, earning 122.0648 million yuan by sponsoring Zhenstone Co., Ltd. and Shaanxi Tourism [1]. - CITIC Securities and Guotai Junan Securities ranked second and third, earning 117.1101 million yuan and 45.4905 million yuan respectively [1][2]. Group 3: Top Securities Firms - The top five securities firms collectively earned 345 million yuan, accounting for 75% of the total underwriting fees for January [1]. - Other notable firms included Shenwan Hongyuan and Southwest Securities, each earning 42.1555 million yuan through joint sponsorship of Zhixin Co., Ltd. [1][2].