华电国际实际募资额排在第三位。公告显示，公司本次发行股份募集配套资金新增股份的发行价格为4.86元／股，实际募资总额为34.28亿元，募集资金净额 拟用于华电望亭2×66万千瓦机组扩建项目、支付本次重组现金对价、中介机构费用及相关税费。 据统计，募资规模在10亿元以下的有7家公司，其中思瑞浦、伊戈尔募资规模相对较小。 新华财经北京9月2日电统计显示，2025年8月，A股上市公司共计实施定增12起，同比上升50%；实际募资总额约182.13亿元，同比上升209%。 按照首次披露预案日口径统计，2025年8月A股上市公司定增预案发布数量共计44起，拟募资规模约352.78亿元，同比上升112%。其中，中油工程、科大讯 飞等企业拟募资规模相对靠前。 8月实际募资约182.13亿元同比上升209% 根据信披数据，以定增股份上市日统计，2025年8月A股上市公司共计实施定增12起，同比上升50%；实际募集资金合计约182.13亿元，同比上升209%、环 比下降38%。 图1：2024年8月以来A股实施定增数量及实际募集资金总额 2025年8月实施定增的上市公司中，TCL科技的实际募资额排在首位。TCL科技拟向深圳市重大 ...

声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 点击查看公告原文>> 若限售期与证券监管机构最新监管意见或要求不相符，茂名港集团将相应调整。限售期届满后减持，还 需遵守《公司法》《证券法》《深圳证券交易所股票上市规则》《上市公司股东减持股份管理暂行办 法》等法律法规、规范性文件以及《公司章程》相关规定。若违反承诺减持，将依法承担法律责任。 此次控股股东的承诺，无疑为茂化实华本次向特定对象发行股票提供了有力支持，也向市场传递出积极 信号，稳定投资者信心。后续公司定增进展及对公司发展的影响，值得市场持续关注。 茂化实华于2025年8月29日召开第十三届董事会第十次临时会议，审议通过2025年度向特定对象发行股 票相关议案。公司控股股东茂名港集团有限公 ...

券商作为重要的机构投资者，今年以来积极参与上市公司定增。据Choice数据统计，以增发上市日计 算，截至7月13日，今年以来共有32家券商参与A股上市公司定增，合计认购金额达200.62亿元。 大型券商参与定增更活跃 实力雄厚的大型券商在参与上市公司定增中往往更为活跃，并且占据了较大的市场份额。数据显示，今 年以来，有4家券商参与10家以上上市公司定增。其中，国泰君安证券参与定增最为热情，年内共参与 了32家公司的定增，中信证券、中金公司、海通证券则紧跟其后，分别参与了15家、15家、10家公司的 定增；认购额方面，有7家券商年内参与上市公司定增认购额超10亿元。国泰君安证券以60.25亿元稳居 榜首，广发证券、招商证券则分别以24.58亿元和20.83亿元位列第二名和第三名。 从定增项目所属行业来看，电力、设备制造、医疗等行业是券商认购定增的主要方向。部分公司的定增 受到了券商扎堆"追捧"，例如，济民医疗、长江电力、中核钛白等公司均获得了5家券商的认购参与。 其中，在长江电力最新的定增中，招商证券、国泰君安证券、摩根大通证券、申万宏源证券、广发证券 等5家券商合计认购额达47.95亿元。 "参与定增的热度受 ...

Group 1 - The trend of full-staff fundraising has become more common among mid-tier and lower-tier institutions due to increased fundraising difficulties in recent years [2][4] - Some institutions have set strict KPIs for investment managers, such as raising no less than 5 million yuan, with consequences for failure to meet targets [3] - A notable case involves a new "billion-dollar institution" that hired nearly 100 Investor Relations (IR) staff and set daily fundraising targets, with termination for non-compliance within three months [4] Group 2 - The practice of full-staff fundraising is not new, but it is less common for investment institutions to engage in fundraising themselves [6][8] - Some institutions have resorted to collaborating with external financial advisors (FAs) or developing internal FA teams due to market downturns [9] - A controversial approach involves requiring all investment managers to sign FA agreements with portfolio companies to assist in subsequent financing, with performance metrics tied to their annual salaries [10] Group 3 - Mandatory co-investment has been a topic of debate, with some institutions imposing strict co-investment requirements on employees [11][13] - Examples include a state-owned enterprise requiring a 10% co-investment in projects, with project approval contingent on meeting this threshold [14] - Another case involved a market-oriented fund that laid off employees based on their willingness to co-invest in new fund offerings, citing a lack of commitment to the company's growth as justification for termination [14] Group 4 - Specialized fundraising funds have evolved in response to the challenges faced by traditional blind pool funds, with general partners (GPs) needing to generate management fees [16][18] - Some GPs are willing to take on projects without management fees, driven by the desire to expand their management scale despite the lack of financial incentives [20] - The role of local governments in investment attraction has led some GPs to act as intermediaries, although this can be a challenging and lengthy process [22][23] Group 5 - Acquiring publicly listed companies has emerged as a strategy for GPs, as valuations are often lower than in the primary market [26][27] - However, transitioning from primary to secondary market operations poses significant challenges, including the need for specialized knowledge and the competitive landscape [28][30] - The difficulty of executing public company acquisitions has led some to consider private placements as an alternative, although success is highly dependent on market conditions and the quality of the companies involved [31][32] Group 6 - Recent regulatory actions have targeted firms engaging in unrelated business activities, highlighting the scrutiny faced by GPs [34] - Despite criticism, some in the industry argue that pursuing alternative income sources is a pragmatic approach to sustaining operations [35]

Core Points - In June 2025, A-share listed companies implemented 14 private placements, a year-on-year increase of 133.33%, raising approximately 533.23 billion yuan, a significant increase compared to the previous year [1][2] - The major contributors to the fundraising were major banks, including Bank of China, Postal Savings Bank, and others, which raised over 1 billion yuan each for capital expansion [2][4] Group 1: Fundraising Overview - The total amount raised in June 2025 was approximately 533.23 billion yuan, with a year-on-year increase [2][4] - The number of private placement proposals disclosed in June 2025 was 35, with a proposed fundraising scale of approximately 21.67 billion yuan, a year-on-year increase of 107.37% [1][8] - The financial sector led the fundraising efforts with 5 placements totaling about 524 billion yuan, followed by the industrial sector with 4 placements raising approximately 29.31 billion yuan [7][15] Group 2: Major Companies Involved - Bank of China raised the highest amount, totaling 165 billion yuan by issuing 27.825 billion shares at a price of 5.93 yuan per share, aimed at increasing its core Tier 1 capital [4][6] - Postal Savings Bank followed with a fundraising of 130 billion yuan by issuing approximately 20.934 billion shares at a price of 6.21 yuan per share, also for core Tier 1 capital [4][6] - The largest proposed fundraising from private placements was by Changchuan Technology, aiming to raise up to 3.132 billion yuan for semiconductor equipment R&D and working capital [11][12]

Group 1 - The main financing method for listed companies this year remains private placements, with 70 companies completing placements by June 22, raising a total of 580.95 billion yuan, a year-on-year increase of 529.39% [1] - The top five sectors for fundraising through private placements include banking, non-bank financials, public utilities, defense and military, and basic chemicals, with three banks raising a total of 415 billion yuan [1] - Major state-owned banks, such as Bank of China and Bank of Communications, have significantly contributed to the increase in private placement scale, with Bank of China raising 165 billion yuan and Bank of Communications raising 120 billion yuan [1] Group 2 - The majority of private placements are subscribed by institutional investors and natural persons, with nine companies having their entire placements subscribed by major shareholders this year [2] - The recovery of the private placement market is supported by policy initiatives, including the China Securities Regulatory Commission's merger guidelines released in September last year, which have revitalized the market [2] - The active period of mergers and acquisitions among A-share listed companies is becoming an important investment theme, allowing investors to participate in quality M&A transactions through private placements [2]

Group 1 - In April 2025, A-share listed companies implemented a total of 9 private placements, a year-on-year decrease of 59%, with actual fundraising amounting to approximately 15.306 billion yuan, down 13% year-on-year [1][2] - The number of private placement proposals disclosed in April 2025 reached 40, with a proposed fundraising scale of approximately 23.217 billion yuan, an increase of 8% year-on-year [1][7] - The leading companies in actual fundraising in April 2025 included Dongfang Electric, with a total of 4.123 billion yuan raised, followed by Waigaoqiao with 2.475 billion yuan, and Baiwei Storage with 1.9 billion yuan [4][5] Group 2 - The industrial sector led the number of private placements in April 2025, with 3 placements totaling approximately 5.56 billion yuan [6][14] - The information technology sector had the highest number of disclosed private placement proposals, totaling 12, with a proposed fundraising amount exceeding 3.804 billion yuan [14][15] - The second highest in terms of disclosed proposals was the industrial sector with 9 proposals, followed by the consumer discretionary sector with 7 proposals [14][15]