The enthusiasm for new stock offerings by bank wealth management subsidiaries is growing, and the profit effect is an important driving factor.

According to Securities Daily, since the beginning of this year, the enthusiasm of bank wealth management subsidiaries to participate in A-share IPOs has been high, with Ningyin Wealth Management, Xingyin Wealth Management, and other bank wealth management subsidiaries being particularly active. The participation of bank wealth management subsidiaries in IPOs continues to heat up, with the profit effect being an important driving factor. Wind information data shows that as of now, all 44 new A-share stocks listed this year have closed higher on the first day, with an average increase of 167%. Thanks to this, products under the bank wealth management subsidiaries continue to realize profits from participating in new stocks.