As of February 5, 2026, a total of 12 listed companies have successfully carried out private placements to secure funding this year. This figure represents a doubling compared to the same period in the previous year. In aggregate, these placements have raised a substantial sum of RMB 84.939 billion, reflecting a remarkable year-on-year surge of 359%. Notably, numerous public funds, such as E Fund, have shown keen interest and actively participated in these placements. Their primary investment focus lies in new quality productive forces, which are emerging as a key investment trend.

Industry experts have observed that the competition for high-caliber private placement projects has become increasingly fierce. This heightened competition places greater demands on the investment research and pricing prowess of fund managers, who must now navigate a more complex and challenging investment landscape.