股市流动性月报：减持规模环比减少，两融余额持续增加

Group 1 - The overall liquidity environment in the stock market remains relatively loose since December 2024, with a significant increase in fundraising activities in the primary market [2][13] - In December 2024, the total amount of funds raised in the primary market reached 41.8 billion yuan, a month-on-month increase of 118%, with IPOs raising 9.3 billion yuan and additional issuance raising 32.5 billion yuan [13] - The net reduction in shareholding by major shareholders in the secondary market decreased to 21.9 billion yuan in December 2024, a reduction of 6.6 billion yuan compared to the previous month [17] Group 2 - The average daily trading volume in the A-share market for December 2024 was 16,111 billion yuan, a month-on-month decrease of 18.1% but a year-on-year increase of 105.8% [3][24] - The financing and margin trading balance in the A-share market increased to 1,864.6 billion yuan, a month-on-month increase of 20.2 billion yuan, indicating a slight improvement in market activity [33] - The issuance of equity funds in December 2024 saw a significant drop, with a total of 36.9 billion units issued, a decrease of 71.8 billion units from the previous month [28]