Investment banking operations are surging with the arrival of spring, optimizing and upgrading the competitive landscape.

In the spring river, the water warms up and the ducks know it first. In 2025, the capital market investment banking business experienced a comprehensive recovery after a period of dormancy. The fundraising scale of A-shares exceeded one trillion yuan, with a year-on-year growth of over 270%, and the industry size and structure were simultaneously optimized. Leading securities firms solidified their advantages, market resources converged towards high-quality institutions, and the competitive landscape became increasingly clear. Industry insiders believe that in recent years, regulatory authorities have deepened the registration system reform, adhered to "supporting the good and limiting the bad", guiding investment banks to focus on technological innovation and serving the real economy. At the beginning of 2026, the investment banking business started steadily, with hard technology, mergers and acquisitions, and green finance becoming core growth points. The industry is accelerating towards professionalization-driven transformation, moving towards a new stage of high-quality development with policy and market support.