年内新高！打新热潮回归！

Core Viewpoint - The article highlights the significant increase in investor participation in new stock subscriptions in the A-share market, driven by a recovering market sentiment and the attractive returns from recent IPOs [1][3][12]. Group 1: New Stock Subscription Trends - As of August 25, 2023, the number of effective online subscriptions for the new stock of Huaxin Jingke exceeded 13 million, marking a new high since March 2022 for the Shanghai Stock Exchange [1][3]. - The number of investors participating in new stock subscriptions in the Shenzhen Stock Exchange has also surged, with nearly 15 million investors involved [1][6]. - The number of new stock subscriptions in the Shanghai Stock Exchange has nearly doubled over the past year, increasing by approximately 650,000 investors [5]. Group 2: Performance of New Stocks - The IPO of Huaxin Jingke plans to issue 43.75 million shares, with 20% allocated for strategic placement and 40% for online issuance, attracting 13.18 million investors and 109.53 billion shares in effective subscriptions [3]. - New stocks have shown remarkable performance, with several achieving significant gains on their first trading day, such as Guangdong Jiankang, which saw a 409.80% increase from its issue price [11]. Group 3: Market Conditions and Investor Sentiment - The overall market has seen a recovery, with major indices like the Shanghai Composite Index rising over 8% in August, contributing to the heightened enthusiasm for new stock subscriptions [12]. - The trading volume in the A-share market has also increased, surpassing 3 trillion yuan, indicating a significant rise in market activity [15]. - Analysts suggest that the current market environment, characterized by improved liquidity and a positive feedback loop of capital inflow, is fostering a conducive atmosphere for new stock subscriptions [15].