New share subscription process:
(1) Investor subscription (subscription date): The investor shall pay the subscription money in full within the subscription time and entrust the subscription.
(2) Freezing of funds (the first day after subscription): China Clearing Company will freeze the subscription funds.
(3) Capital verification and numbering (the day after subscription): The Exchange will automatically assign a number to the valid subscription according to the rule of assigning a number to every 65,438+0,000 shares (500 shares in Shenzhen Stock Exchange).
(4) Lottery (the third day after purchase): announce the winning rate, organize a lottery according to the total number of people and the winning rate, and announce the winning results the next day.
(5) Announce the winning number and unfreeze the funds (the fourth day after the subscription): unfreeze the unsuccessful subscription.
Note: Except for individual new shares in the above process (please read the prospectus carefully when issuing new shares).
The process of issuing new shares by the fund:
The procedures of fund subscription and online pricing issued by the two exchanges are basically the same. On the day of subscription, investors should pay the subscription money in full according to the issue price and effective subscription quantity stipulated in the issuer's issuance announcement, and make subscription entrustment. If the subscription amount paid by investors is insufficient, the securities trading outlets shall not accept the relevant subscription entrustment. Suppose Zhang San has 500,000 cash in his account, and he wants to participate in the subscription of new shares called "×××××".
The greater the amount of funds used in this process, the greater the probability of subscription and the higher the income, and the funds that do not apply for new shares will be idle.