1. If the lottery ticket is not paid in full after winning, it will be deemed as giving up. However, the Shanghai and Shenzhen Stock Exchanges can choose to purchase some shares, such as 49 shares for 500 shares and 999 shares for 1000 shares. However, if 12 months fails to pay or fails to pay in full for three times, it will be hacked for six months, and it is forbidden to play new ones, and it will be automatically revived after the expiration.
2. When a stock investor draws lots for three consecutive months on 12 but fails to pay in full, he/she shall not participate in the online subscription of new shares within 180 (including the next day) from the day after the settlement participant finally renounces the subscription;
Third, pay attention to the meaning of "full amount": First, giving up 1 share is also counted. The number of subscription exemptions is subject to the actual lack of funds, and the minimum unit is 1 share, which may not be an integer multiple of the subscription unit (Shenzhen Stock Exchange 500, Shanghai Stock Exchange 1000).
Four, the number of times to give up the subscription is calculated according to the number of new shares actually given up by investors, and the number of times is not clear; If you subscribe for more than one new share on the same day, if you give up more than one new share, you will be counted as giving up more than one; The number of times the Shanghai and Shenzhen stock markets give up the subscription is calculated separately and not combined.
The lottery of new shares is to announce the winning rate according to the rules of the exchange. The lead underwriter presides over the lottery according to the total allocation number to confirm the lottery results, and announces the lottery results in the designated media on the first trading day (T+2) after the lottery. In China, each winning number can subscribe for 1000 shares (Shanghai Stock Exchange) or 500 shares (Shenzhen Stock Exchange).
The winning rate is just like the winning rate in the lottery. Because there are more people applying for new shares and more money, but the number of issues is limited, so it is impossible to have all of them. Because the subscription is based on every 65,438+0,000 shares as a subscription unit, and a subscription number is obtained. Then, a lottery number will be drawn and investors will compare the numbers. Some people will win the lottery, others will miss it. Based on the issuable amount/total subscription amount, the winning rate of new share issuance is obtained. The lower the winning percentage, the less likely it is to win.
Funds are different from new shares, and the issuance of new funds can be shared by everyone. The winning rate is calculated as above, assuming that the winning rate is 10%, then if you invest 10000, 1000, you can successfully purchase the fund, and so on.
With the resumption of new share issuance, market funds gradually flock to the primary market to participate in risk-free arbitrage and obtain huge profits. However, with the continuous increase of market funds, the winning rate of new shares of small and medium-sized investors has gradually decreased, and the return on investment has dropped significantly. How can small and medium-sized investors improve the winning rate of new shares and the level of investment income? It is the only way to actively participate in the product collection plan of institutions and share the offline subscription opportunities.