2025年上半年，公司完成新三板挂牌企业定向发行项目4家，募集资金人民币3.61亿元。截至报告期 末，公司持续督导新三板创新层企业72家。国际业务方面，2025年上半年，中信建投国际在香港市场共 参与并完成港股IPO保荐项目3家，股权融资规模429.26亿港元。其中，作为联席保荐人，中信建投国际 服务全球新能源龙头宁德时代（300750）的港股IPO项目，募集资金410.06亿港元，为近三年全球最大 IPO、历史上最大新能源行业港股IPO项目。另外，作为配售代理，中信建投国际服务古法手工金器品 牌老铺黄金的再融资项目，募集资金27.15亿港元。 2025年上半年，公司境内债务融资业务继续保持良好发展势头，共计完成主承销项目2301单，主承销金 额人民币7796.53亿元，分别位居行业第3名、第2名。其中，公司债主承销项目641单，主承销金额人民 币2124.31亿元，均位居行业第3名。 报告期内，公司完成重大资产重组项目6单，位居行业第1名;交易金额人民币254.62亿元，位居行业第5 名。公司发挥并购重组的主渠道作用，助力新能源汽车头部企业赛力斯（601127）集团收购智能电动汽 车数字化工厂。截至报告期末 ...

Group 1 - The Hong Kong IPO market has seen a significant surge, with a record number of listings and a total fundraising amount of 1,067 million HKD in the first half of 2025, nearly eight times that of the same period last year [1][2] - Five companies, including Peak Technology and Blue Sky Technology, listed on the Hong Kong Stock Exchange on the same day, marking a historic moment with six gongs ringing simultaneously [1] - The number of IPOs in May and June accounted for 58.14% of the total listings in the first half of 2025, indicating a concentrated period of activity [1] Group 2 - Eight new stocks raised over 2 billion HKD, while 17 raised over 1 billion HKD, with the top five fundraising companies being CATL, Hengrui Medicine, Haitian Flavoring, Sanhua Intelligent Control, and Mixue Ice City [2] - As of July 17, 2025, the Hong Kong market recorded 51 IPOs and a total fundraising amount of 1,134 million HKD, surpassing the total for the entire year of 2024 and increasing by 217% compared to the same period last year [2] Group 3 - The revival of the Hong Kong IPO market has led to increased activity among investment banks, with a notable rise in the number of companies seeking to go public [3] - As of July 17, 2025, there are 232 companies in the queue to apply for H-share listings, indicating strong interest in the market [3] - The competition between domestic and foreign investment banks has intensified, with domestic banks gaining an advantage due to their understanding of local enterprises and improved international service capabilities [5] Group 4 - The Hong Kong IPO market has regained its position as the largest globally, driven by a surge in A+H listings, which have become a dominant trend [4][10] - A total of 50 A+H companies have submitted IPO applications in the first half of 2025, with several major firms already listed [10] - Predictions indicate that 90 to 100 companies are expected to raise between 200 billion to 220 billion HKD in 2025, with the second half typically being a peak period for IPOs [11] Group 5 - The top investment banks in the Hong Kong IPO market as of July 17, 2025, include CICC with 18 IPOs (16.67% market share), followed by Huatai Financial Holdings and CITIC with 10 IPOs each (9.26% market share) [6][8] - The market shows a clear "Matthew effect," where larger projects are predominantly led by top-tier investment banks, while many smaller banks have only participated in a single IPO [8] Group 6 - The A+H listing model is expected to drive significant fundraising, with estimates suggesting an 85% increase in total fundraising from A+H listings compared to the first half of 2024 [12] - The technology, biomedicine, and consumer sectors are anticipated to lead the IPO market in the second half of 2025, although an increase in supply may raise the failure rate to 35% [12]