CXMT Lists on STAR Market; 29 Wealth Products Subscribe for RMB 21.46 Billion

CXMT (Changxin Technology Group Co. , Ltd.) listed on the STAR Market on July 27. Five wealth management companies — Ningyin Wealth Management, Xingyin Wealth Management, Nanyin Wealth Management, Zhongyou Wealth Management and Minsheng Wealth Management — participated in the offline IPO subscription with a total of 29 wealth management products. The subscription amounted to 2.478 billion shares, corresponding to about RMB 21.46 billion, and the final allocation was 4.544 million shares. Among the institutions, Ningyin Wealth Management showed the highest participation, with 19 products subscribing for 1.352 billion shares. Xingyin, Zhongyou, Nanyin and Minsheng Wealth Management had four, three, two and one product respectively.

Since 2026, many wealth management subsidiaries have adopted IPO offline subscription as a regular investment strategy. CIB Wealth Management has participated in 82 domestic IPO projects this year, including China Resources New Energy and Zhongkeyi, covering the Shanghai and Shenzhen main boards, STAR Market, ChiNext, and the Beijing Stock Exchange. During the same period, it has set up 131 new IPO subscription asset management plans, with cumulative allocated amount exceeding RMB 250 million.