8月新股上市及基金收益月度跟踪-20250902

Group 1 - The total IPO financing scale in the A-share market for August 2025 was 28.17 billion yuan, a decrease of 42% month-on-month. The main board financing scale was 8.14 billion yuan, while the North Exchange financing scale was 14.04 billion yuan [3][7]. - A total of 8 new stocks were issued in the A-share market, remaining the same as the previous month. This included 1 from the main board, 5 from the North Exchange, and 2 from the Growth Enterprise Market [3][10]. - As of the end of August, there were 52 IPO projects approved but not yet issued across various A-share sectors, with a total proposed fundraising scale of 603.1 billion yuan. The Growth Enterprise Market accounted for 28% (10 projects), while the main board and Sci-Tech Innovation Board accounted for 37% and 27% respectively [14]. Group 2 - The offline subscription limit for new stocks in the past three months was mostly in the range of 100 million to 200 million yuan across various boards. The main board and Growth Enterprise Market primarily fell within this range, while the Sci-Tech Innovation Board had a more dispersed range of 500 million to 1 billion yuan [15]. - In August, the number of offline inquiry objects for the main board reached 624, a decrease of 60% month-on-month [20]. - The average winning rate for main board A/B class accounts in August was 0.0081% and 0.0080% respectively, down 33% and 32% month-on-month [21]. Group 3 - The contribution of new stocks to funds was measured, with funds participating in new stock subscriptions and allocations showing a contribution of +0.026% for funds below 200 million yuan and +0.037% for those between 200 million and 300 million yuan. The annualized return was 0.174% [26]. - In August 2025, a total of 3,037 funds participated in new stock subscriptions, with a total scale of 2.87 trillion yuan. The most numerous were equity mixed funds, totaling 1,136, followed by passive index funds with 725 and flexible allocation funds with 575 [27].