This is not the only way public funds are prepared for GEM. On the one hand, there are still a lot of science and technology start-ups waiting for approval, and the number of science and technology start-ups that have been accepted by the SFC but have not yet been issued is still up to 99, which can enjoy the strategic placement opportunities of listed companies on the follow-up science and technology start-ups board; on the other hand, the existing A-share public funds can invest in science and technology start-ups stocks, and the scale of the equity products of public funds has exceeded 1 trillion yuan, and will also take part of the warehouse. The wound plate in the Department of position allocation.
A total of nearly 112 billion yuan was raised.
On June 11, Penghuake first issued a notice on the effectiveness of the fund contract with three-year closed flexible allocation. The announcement showed that the fund had 49236 effective subscription accounts and 32.87% valid subscription application confirmation ratio (i.e. allocation ratio). According to the upper limit of 1 billion yuan, the fund raised about 3.042 billion yuan during the issuance period. According to the reverse calculation of this method, the second batch of GEF totals about 12 billion yuan.
Due to the three-year closed operation restrictions and short-term market turbulence during the issuance period, the second batch of SEF is much smaller than the first batch of SEF, but the final results are the same, all of them are allocated according to the scale of 1 billion yuan. Among the first seven science and technology innovation boards, Huaxia Science and Technology Innovation, Huitianfu Science and Technology Innovation and Fuguo Science and Technology Innovation have raised more than 20 billion yuan, totaling more than 100 billion yuan. In addition to the second batch of five successful science and technology innovation boards, 12 science and technology innovation boards have attracted more than 112 billion yuan to subscribe.
Enjoy the Qualification of Strategic Allocation
In order to reduce market shocks, the lock-in period of strategic allotment shares of new listed companies is more than 12 months, which is also the reason why 12 listed public fund products with strategic allotment qualifications are designed to operate closed for three years.
In an interview with Securities Daily, Li Wenbin of Wanjia Fund said that the latest institutional arrangement is that science and technology start-ups will allocate 20-30% of their new shares for strategic distribution, which will be divided up by the six strategic start-ups and six CDR funds mentioned above. In addition, all investors who participate in online and offline new ventures will share the remaining 70-80% of new shares according to their priorities and proportions.
The vast majority of private equity has no chance to break new ground under the network, but also let the A-type investors, mainly public funds, become the main force in this round. More importantly, most private equity funds are willing to take part in the new round of dividends through public funds.
The size of public funds participating in new hits will generally be relatively high, and the revenue from new hits will be greatly diluted, plus a certain lock-in period, the person told the Securities Daily. A small number of private equity funds have a relatively high demand for flexibility. They will not look at the new earnings of public equity funds. On the contrary, some private equity adopt quantitative strategies. The earnings may be much higher than those of public equity funds, which meets the needs of these private equity funds.
Source: Liable Editor of Securities Daily: Yang Qian_NF4425