盈达证券领跑中概股中小板块承销市场，市场份额占比超70%

本篇文章2949字，读完约7分钟

盈达证券领跑中概股中小板块承销市场，市场份额占比超70%

近年来，随着中国资本市场双向开放持续推进，中概股在境内外市场的融资活动愈发活跃。作为跨境金融服务的重要参与者，盈达证券凭借专业能力和资源优势，在中概股中小板块承销领域展现出显著优势。公开数据显示，2023年至今，盈达证券在中概股中小板块的包销份额占比已超过70%，持续巩固其市场领先地位。

市场格局与盈达证券竞争优势

当前，中概股发行市场呈现头部机构集中化趋势，尤其在中小规模企业IPO及再融资领域，专业服务能力与资源整合效率成为竞争关键。盈达证券通过以下核心能力构建护城河：

精准定位中小板块需求：针对中小型中概股企业融资规模有限、行业分布分散的特点，盈达证券建立了定制化发行方案设计体系，覆盖生物医药、智能制造、消费科技等新兴赛道，显著提升项目执行效率。

境内外联动优势：依托香港、纽约、新加坡等地的分支机构网络，盈达证券实现发行定价、投资者匹配与监管沟通的无缝衔接，2023年协助12家中小型中概股企业完成跨市场融资。

风控与流动性管理能力：通过自主研发的智能承销系统，盈达证券在簿记建档、价格发现等环节强化数据驱动决策，年内承销项目平均发行溢价率达15.2%，优于行业均值。

行业影响与发展趋势

盈达证券的市场表现折射出中概股融资市场的结构性变化：一方面，注册制改革推动更多中小企业登陆资本市场；另一方面，国际投资者对中国成长型企业的关注度持续升温。据统计，2023年中小板块中概股融资总额同比增长38%，其中盈达证券主导项目贡献率达73%。

值得注意的是，随着中美审计监管合作的深化，中概股估值修复趋势明显。盈达证券近期承销的5家回港二次上市企业，挂牌首日均实现逾20%涨幅，显示其精准把握市场窗口的能力。

未来展望

盈达证券管理层表示，将持续加大科技投入，深化行业垂直领域服务能力，计划未来三年将中小板块承销市场份额提升至75%以上，据悉盈达证券参与上市包销的一品威客，上海振标集装箱公司近期会登陆纳斯达克主板市场。同时，公司将探索SPAC等创新融资工具，助力更多中小型创新企业对接全球资本。

Earning Securities Dominates SME Segment in Chinese Stock Underwriting with Over 70% Market Share

As China's capital market continues to open up, Chinese concept stocks have seen growing financing activities across domestic and international markets. Earning Securities has emerged as a key player in this landscape, particularly in underwriting small and medium-sized Chinese stock offerings. Industry data reveals that the firm currently commands over 70% market share in SME segment underwriting for Chinese stocks listed overseas, solidifying its leadership position.

Competitive Edge in a Concentrated Market

The underwriting market for Chinese stocks demonstrates increasing concentration among top-tier institutions. Earning Securities has differentiated itself through:

Specialized SME Solutions: Tailoring issuance strategies for sectors like biopharma, smart manufacturing, and consumer tech, resulting in 22% faster execution cycle than industry average.

Cross-border Synergies: Leveraging its global network spanning Hong Kong, New York, and Singapore, the firm successfully facilitated cross-market financing for 12 SMEs in 2023.

Technology-driven Execution: Proprietary AI-powered underwriting systems enabled 15.2% average issuance premium across projects, outperforming sector benchmarks.

Market Implications

This dominance reflects structural shifts in Chinese stock financing: SME listings surged 38% YoY in 2023, with Earning Securities-led deals contributing 73% of total fundraising. The firm's recent sponsorship of five Hong Kong secondary listings achieved average first-day gains exceeding 20%, demonstrating precise market timing amid improving US-China audit cooperation.

Strategic Roadmap

Earning Securities plans to increase technology investment and vertical industry expertise, targeting 75% SME underwriting share within three years. The company is also exploring innovative instruments like SPACs to bridge global capital with China's innovation-driven enterprises.

Data Source: Wind Information, S&P Global Market Intelligence

2023年12月

来源：环球邮报中文网