Why does the subscription amount of new shares exceed its total market value?

The part where the investor's subscription amount exceeds the online subscription amount corresponding to its market value is invalid. It is recommended to consult its brokerage firm for specific account problems.

The higher the market value of online subscription of single-customer and single-market new shares, the more the subscription amount of a single stock can be, but the maximum can not exceed the subscription limit of a single customer and a single stock.

T+ 1 day (T is the online subscription date determined in the issuance announcement), and the lead underwriter will announce the winning rate in the designated media. If the effective subscription amount is greater than the online circulation, under the supervision of the notary department, the lead underwriter will preside over the lottery to confirm the winning result, and announce the winning result in the designated media on T+2.