以A1类投资者身份获配售 摩尔线程成立于2020年，该公司以全功能GPU为核心，致力于向全球提供加速计算的基础设施和一站式 解决方案，为各行各业的数智化转型提供AI计算支持。 日前，宁银理财、兴银理财成功获配售有"国产GPU第一股"之称的摩尔线程新股，引发市场关注。尽管 业内将网下打新视为银行理财产品增厚收益的重要策略之一，但从实践情况来看，真正参与的银行理财 公司仍是少数。 "目前来看，权益投资并非理财公司的'主菜'。若想参与新股申购并成功获配售，需要公司具有完善的 投研团队、专业的投研能力。而且在打新的实践操作中，也需要对新股进行价值分析报价。"谈及银行 理财公司网下打新参与度不高的原因，某城商行理财公司首席投资官向记者表示。 两家理财公司 根据摩尔线程发布的公告，宁银理财和兴银理财的产品均属于上市后限售期限最长、限售比例最高的 A1类投资者。在摩尔线程的A类投资者中，A1类投资者承诺其获配股票数量的70%（向上取整计算）限 售期为自发行人首次公开发行并上市之日起9个月。从限售期限和限售比例来看，两家参与配售的理财 公司均看好摩尔线程的中长期成长前景，并不急于在上市首日卖出。 需强化投研能力 事实上，这并 ...

Core Viewpoint - The successful participation of Everbright Wealth Management as an A-class investor in the offline issuance of new shares marks a significant breakthrough for bank wealth management subsidiaries, opening new investment paths and injecting strong momentum into the capital market with long-term funds [1][4]. Group 1: Participation in New Share Issuance - Everbright Wealth Management participated in the offline subscription of Shandong Xintong Electronics Co., Ltd. at a bid price of 17 yuan per share, successfully entering the effective bid list with a scale of 9 million shares [2][3]. - Traditionally, investors in the offline subscription market were categorized into three classes, with A-class seats dominated by public funds and social security funds, while bank wealth management products previously participated as C-class investors [2][4]. Group 2: Policy and Market Environment - The breakthrough is attributed to a combination of policy incentives and market demand, with recent regulatory changes allowing bank wealth management to enjoy the same treatment as public funds in new share subscriptions [4][6]. - The ongoing decline in interest rates and the shrinking yield space for traditional assets have prompted bank wealth management to seek new growth points, with offline subscriptions offering relatively stable returns [4][5]. Group 3: Future Outlook - The successful entry of Everbright Wealth Management is expected to encourage more bank wealth management subsidiaries to accelerate their participation in offline subscriptions, enhancing their investment strategies and product offerings [6][7]. - The A-class investor status provides significant advantages in subscription allocation, which is likely to attract more wealth management funds into the primary market, supporting the real economy [3][6].