【环球网财经报道 记者谭雅文】当前，银行理财公司在新股市场表现活跃，两家机构多次获配。根据沐曦股份12月9日发布的公告，宁银理财和兴银理财旗 下10只产品成功获配。这是两家理财公司近期第二次参与新股配售，此前在摩尔线程的网下发行中，两家旗下共9只产品入围，单只产品最高获配金额达 151.86万元。值得注意的是，该股上市后表现强势，五个交易日累计涨幅超700%。 | 产品名称 | 兴银理财富利兴成阿尔法日开 1 号混合类理财产品 | 产品名称 | 兴银理财富利兴成阿尔法日开1号混合类 | | --- | --- | --- | --- | | 产品代码 | 9SY06010 | 产品代码 | 9SY06010 | | 全国银行业理财信息登记系统登记编码 | Z7002024001990 | 全国银行业理财信息登记系统登记编码 | Z7002024001990 | | 产品运作方式 | 开放式 | 产品运作方式 | 开放式 | | 产品募集方式 | 公募 | 产品募集方式 | 公募 | | 投资类型 | 混合类 | 投资类型 | 混合类 | | 报告期末产品份额总额 | 353.162.845.46 份 | 报告 ...

Core Insights - The article highlights the increasing participation of bank wealth management companies in IPO offline subscriptions, particularly focusing on the case of Moer Technology, which is recognized as the "first domestic GPU stock" [1][2] - The involvement of Ningyin Wealth Management and Xingyin Wealth Management in the subscription process marks a significant step for bank wealth management in equity investments [1][3] Group 1: Bank Wealth Management Participation - Ningyin Wealth Management successfully allocated shares from six of its wealth management products, while Xingyin Wealth Management allocated shares from three products in the Moer Technology IPO [1][2] - The products from Ningyin Wealth Management include various mixed open-ended wealth management products with different minimum holding periods [1][2] - The participation of these wealth management companies indicates a shift towards more active roles in capital markets, driven by policy support and the need for enhanced investment strategies [1][3] Group 2: Industry Challenges and Opportunities - Despite the potential for increased participation in IPO offline subscriptions, many bank wealth management companies face challenges related to research capabilities and personnel allocation [3][4] - The article notes that the high premium characteristics of A-share new stocks provide an opportunity for bank wealth management products to achieve excess returns [4][5] - Industry experts suggest that bank wealth management companies should focus on improving research and valuation modeling capabilities, designing differentiated product structures, and enhancing investor engagement to navigate the complexities of new stock pricing and risk management [5]

Core Viewpoint - The article discusses the increasing participation of bank wealth management companies in IPO offline subscription, particularly highlighting the successful allocation of shares in the domestic GPU company, Moore Threads, marking a significant step in equity investment for these firms [1][2]. Group 1: Bank Wealth Management Participation - Bank wealth management companies, such as Ningyin Wealth Management and Xingyin Wealth Management, have successfully participated in the offline subscription of Moore Threads, indicating a growing trend in equity investments [1][2]. - The participation of these companies in IPO offline subscriptions is seen as a strategy to enhance the returns of their wealth management products, although only a few firms have actively engaged in this practice [1][3]. Group 2: Investment Strategy and Market Response - The AI chip industry is experiencing rapid growth, and bank wealth management companies are aligning their investment strategies with national policies to support the real economy and technological innovation [2][3]. - The implementation of policies granting bank wealth management companies equal status as Class A investors in offline subscriptions has led to a swift market response, with several firms beginning to participate in IPOs [2][3]. Group 3: Research and Capability Challenges - Many bank wealth management companies face challenges in participating in IPO offline subscriptions due to limitations in research capabilities and personnel allocation [3][4]. - Establishing a robust research mechanism and investment decision-making process is essential for these companies to effectively engage in new stock subscriptions [3][4]. Group 4: Future Directions and Recommendations - To enhance their participation in IPO offline subscriptions, bank wealth management companies are advised to strengthen their industry research and valuation modeling capabilities, design differentiated product structures, and improve investor engagement [4]. - The high premium characteristics of A-share new stocks provide an opportunity for bank wealth management products to achieve excess returns, making participation in IPOs a valuable strategy [3][4].

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 ...