Everbright Wealth Participates in Listed Firms' Private Placement — First Case Under New Rules for Long-Term Capital Entry - YT FINANCE

Everbright Wealth Participates in Listed Firms' Private Placement — First Case Under New Rules for Long-Term Capital Entry - YT FINANCE

Three months ago, the Chinese government issued the Implementation Plan on Promoting the Entry of Medium- and Long-Term Capital into the Market, which allows bank wealth management products to participate as strategic investors in listed companies’ private placements. Bank wealth management products were granted the same treatment as public funds in terms of IPO subscriptions, private placements, and equity acquisition thresholds.