Group 1 - The core viewpoint is that bank wealth management subsidiaries are increasing their research efforts in the equity market, driven by policy guidance to channel wealth management funds into the market [1][4] - In the first three quarters of this year, 25 bank wealth management subsidiaries conducted research on a total of 1,762 A-share listed companies, with over 2,100 research instances, and more than 50% of these companies are from the Sci-Tech Innovation Board and the Growth Enterprise Market [1][3] - The focus of the research is primarily on sectors with strong technological attributes, including industrial machinery, electronic components, electrical parts and equipment, medical devices, and integrated circuits [1][3] Group 2 - Notable banks such as Ningyin Wealth Management, Zhaoyin Wealth Management, and Xingyin Wealth Management led in the number of research instances and companies researched, with 301, 288, and 241 instances respectively [2] - These subsidiaries are actively participating in various equity market activities, including private placements, IPO projects, and increasing the supply of rights products, indicating a proactive approach to equity asset investment [2][4] - The enthusiasm for researching companies on the Sci-Tech Innovation Board and the Growth Enterprise Market is high, with 458 and 426 companies researched respectively, accounting for 50.17% of the total [3] Group 3 - The current low yield environment for bank wealth management products has prompted these subsidiaries to enhance their equity market layouts to increase product returns and meet client demands [4][5] - Strengthening research capabilities and industry analysis is a long-term goal for bank wealth management subsidiaries, as it helps improve asset management capabilities and risk control [4][5] - The focus on technology-driven companies reflects a strategic judgment towards sustainable, high-growth, and quality assets, aligning with national policies to support the real economy and innovation industries [5]