Small And Medium-Sized Projects Get Together To Issue &Nbsp; Restructure Investment Bank'S Income Pattern.

As the growth rate of gem and IPO increased and the price earnings ratio rose, the pattern of underwriting income in the first 5 months of this year changed considerably: Ping An Securities ranked first on 952 million income, and China Merchants Securities and Guoxin Securities were two or three.

According to Wind information statistics, the first 153 months of the first five months of this year have exceeded 111 last year.

153 new stocks were underwritten and sponsored by 44 securities companies respectively, and the total cost of IPO underwriting and sponsorship by securities companies amounted to 6 billion 247 million yuan.

Since the beginning of this year, there are great differences in the issuing scale of the main board, small and medium board and gem.

46 GEM stocks raised 40 billion 58 million yuan, and 97 issued small and medium board stocks, raising a total of 97 billion 821 million yuan.

In contrast, the main board Market issued only 10 new shares, raising 54 billion 334 million yuan, less than IPO raised 30% of the total funds.

The issuance of small and medium sized boards and gem has increased the underwriting rate significantly.

Statistics show that the average underwriting rate of gem is 5.93%, much higher than the average underwriting rate of 2.33% of the main board in Shanghai stock market.

According to the number of underwriters and underwriting income, Ping An Securities, which are more common in small and medium-sized projects, ranks first.

In the first five months of this year, Ping An Securities undertook and sponsored new shares of up to 19 new stocks, and undertook 952 million yuan for the underwriting and sponsorship fees, which was more than 30% of its last year's underwriting income.

Second of China Merchants Securities undertook 15 new shares and earned 633 million yuan; Guoxin Securities, which underwritten 13 new shares, contributed 445 million yuan.

From the scale of underwriting, Haitong Securities ranked first in 19 billion 500 million underwriting, Ping An Securities ranked second, underwriting amount was 17 billion 200 million yuan, China Merchants Securities ranked third, and underwriting amount was 15 billion yuan.

In addition, the top ten of the underwriting amount are CICC, Guoxin Securities, BOC International, Hongyuan securities, state securities, Anxin securities and CIC securities.

With the continuous issuance of small and medium-sized projects, the distribution of IPO underwriting income has quietly changed.

In the past, large scale securities companies, mainly underwriting large projects, have fallen in the list of underwriting revenue since this year because of underwriting projects.

Behind the ranking change is the change of the domestic market structure.

Under the background of less and less listing of large companies, large cap stocks "specialized households" have gradually joined the battle for small and medium-sized projects.