How to subscribe for new shares of Hong Kong stocks?
According to the subscription rules of new shares of Hong Kong stocks, investors can participate in the subscription of new shares through the securities account of the Hong Kong Stock Exchange when issuing new shares. The subscription of new shares must be initiated before the closing of the subscription trading day 16. If the investor initiates the subscription of new shares after the closing of the subscription trading day 16, the subscription of new shares is unsuccessful. In fact, Hong Kong's IPO is mainly divided into two parts: international placement and public offering. International placement means that when a listed company makes a roadshow offering, some large institutional investors, such as banks and hedge funds, will buy if they are optimistic about the company. Retail investors participate in the public offering.
Summary: If a new share is very popular and is subscribed by retail investors, and the subscription amount far exceeds 65,438+00% of the public offering, the sponsor will start the callback mechanism to distribute the shares originally belonging to institutional investors to retail investors. In this way, the company will increase the public offering, so that the share of shares that retail investors can buy will increase.