Procedures for subscription and purchase of listed new shares

Simply answer your question, yes, that's right. I bought it through the online trading platform that day, just like I usually operate A shares!

I'll give you a serial number when I buy it. If it's the same when I shake the number the next day, it means you won the bid!

No handling fee, no printing, etc. But sometimes a transaction will charge 1 yuan!

If not, the money will be returned to your account after thawing on the fourth day!

The following is a detailed explanation.

Online subscription means that investors use their securities trading margin to submit new share subscription requests to the stock exchange. Investors can operate according to the conventional A-share trading method!

After summarizing the subscription requests of all investors, the stock exchange assigns a subscription serial number to each 1000 subscription order, and determines the winning subscription serial number by drawing lots. If the investor's subscription number is the same as the winning number, the investor will successfully subscribe for 1000 new shares, otherwise the subscription funds will be automatically returned to the investor's margin account.

According to the regulations of the Exchange, no handling fee, stamp duty, transfer fees and other fees are charged for the subscription of new shares, but commission can be charged as appropriate. Shanghai and Shenzhen local income 1 yuan, foreign income 5 yuan, some brokers also reduced the handling fee.

1) Investor subscription (T day). Subscribe on the day of subscription (T day) according to the issuance announcement and subscription method.

(2) fund freezing, capital verification and transfer (T+ 1). On the first day after the subscription date (T+ 1), the clearing company will freeze the subscription funds. All subscription funds must be in place before 4 pm. The clearing company shall cooperate with the qualified accounting firm designated by the Exchange to verify the subscribed capital, and the accounting firm shall issue a capital verification report. The funds actually put in place by the Exchange will be numbered as valid subscriptions (that is, after 4 pm, capital verification will be conducted according to relevant regulations, and valid subscriptions will be confirmed and numbered).

(3) lottery and lottery processing (T+2 days). On the second day after the subscription date (T+2), the determined issue price and winning rate will be announced, and the lottery and winning will be handled according to relevant regulations.

(4) Funds are unfrozen (T+3 days). Announce the winning results on the third day (T+3) after the subscription date, and unfreeze the funds and pay the subscription funds for new shares according to relevant regulations.

The new rules stipulate: "During the online subscription period, investors should fill in the entrustment form for the upper limit of the price range by entrusting to buy stocks". So unlike in the past, the price entrusted by investors should be the upper limit of the price range. If the determined issue price is lower than the upper limit of the price range, the difference will be returned to investors.