According to the new regulations, investors holding a certain number of shares with unlimited sale conditions can participate in online subscription, which means that investors with short positions can't play new shares in the future.
2. Playing new shares: holding 654.38+0 million, and the market value can be allocated.
Shenzhen Stock Exchange and China Clearing Shenzhen Branch issued the Notice on Doing a Good Job in the Technical Preparation for the Reform of Online Subscription of New Shares of Shenzhen Stock Exchange at Market Value. The notice shows that investors with a market value of more than 654.38+00000 yuan (including 654.38+00000 yuan) of Shenzhen Stock Exchange can subscribe for this quota, and every 5,000 yuan of market value can be converted into 500 shares. The part less than 5000 yuan is not included in the subscription amount, and the subscription amount is an integral multiple of 500 shares. Shanghai market value 1 0,000, 1 0,000 shares.
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Purchase process:
On the T day, prepare enough funds to purchase new shares through the securities account, and place an order to buy (the same as the menu of buying stocks). The number of Shanghai shares needs to be an integer multiple of 1 1,000 shares, and the number of deep shares needs to be an integer multiple of 500 shares. If the subscription limit is exceeded, all orders will be cancelled. If there are multiple delegates, only the first delegate is valid. The subscription time in Shanghai stock market is 9: 30-11:30 on T day; 13:00- 15:00; The subscription time in Shenzhen is 9:15-11:30 on T: 13:00- 15:00。
T+ 1 day: funds are frozen, verified and numbered. China Clearing Company will freeze subscription funds. According to the final effective subscription amount, the exchange assigns a number to every 65,438+0,000 shares (500 shares in Shenzhen), and the trading host automatically assigns a unified and continuous number to the effective subscription.
T+2 days: lucky draw. Announce the winning rate, and organize the lottery according to the total number of people and the winning rate, and announce the winning results the next day.
T+3 days (usually after the liquidation on T+2 days) can be used to check whether the lottery wins. If the lottery fails to win, the money will be returned to the account. Winning customers can trade winning shares on the day of IPO.
New rules for subscription of new shares:
1. According to the market value, the market value of a single market can only be used to subscribe for new shares in that market.
According to the market value held by investors, the online subscription amount can be determined. Only investors whose market value exceeds 6,543.8+0,000 yuan (including 6,543.8+0,000 yuan) can participate in the subscription of new shares. Shanghai stock market can purchase 1 subscription unit for every 6.5438+0 million yuan, and the part less than 6.5438+0 million yuan is not included in the subscription amount. Shenzhen can purchase a subscription unit for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription amount.
2. The market value of margin financing and securities lending credit accounts is merged into the market value held by investors.
The market value of customers' credit securities accounts for margin financing and securities lending is merged into the market value held by investors, and the market value of sub-accounts for securities companies to refinance secured securities is merged into the market value held by securities companies.
3. The subscription money shall be deposited into the capital account before the subscription entrustment.
Before accepting the subscription entrustment, the investor shall deposit the subscription money in full into the capital account opened by the investor in the securities company. During the subscription period, investors fill in the entrustment form at the issue price by entrusting to buy shares. Once a bill is declared, it shall not be revoked. The purchase number is allocated according to the actual effective purchase, each effective purchase unit is allocated a number, and all effective purchase units are allocated numbers continuously in chronological order.
4. Investors who participate in offline issuance shall not participate in online subscription of new shares.
Every time a new share is issued, investors who participate in offline issuance quotation or subscription shall not participate in online subscription of new shares.