Process introduction
1. Investor subscription (subscription date): The investor pays the subscription money in full within the subscription time and makes the subscription entrustment.
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 continuously 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.
Extended data
To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be established before the issuance date. Investors can use their accounts to subscribe for new shares issued on the subscription date (hereinafter referred to as T-day), and the subscription time is 9: 30 am-11:30 pm and 6:00-3:00 pm on T-day.
Each account can only subscribe for the same new share once (excluding funds and convertible bonds). Repeat subscription, only the first subscription is valid.
The Shanghai Stock Exchange stipulates that each subscription unit is 65,438+0,000 shares, and the number of subscriptions is not less than 65,438+0,000 shares. If it exceeds 65,438+0,000 shares, it must be an integer multiple of 65,438+0,000 shares, but the maximum number shall not exceed the number of public shares issued online or 99,999,000 shares.
The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription entrustment of each securities account is not less than 500 shares. The number of shares exceeding 500 must be an integer multiple of 500 shares, but it must not exceed the number of online pricing issues and not exceed 99999500 shares.
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