2. Establish a listing mechanism for listed companies. Companies that have been listed on the selected floors for more than one year and meet the Securities Law and the relevant provisions of the Exchange may be listed directly on the Growth Enterprise Market after being examined and approved by the Exchange.
3. Improve the differentiated trading system and enhance the market service function. The selection layer implements continuous bidding transactions; The call auction frequency of basic and innovative companies will increase by five times, while retaining the market maker system. Moderately lower the investor suitability standard, and set the threshold for differentiated investors as 6,543.8+0,000 for the selected layer, 6,543.8+0.5 million for the innovative layer and 2 million for the basic layer.
4. Strengthen supervision and improve the quality of listed companies. Increase illegal costs, strengthen inspection and law enforcement, and increase joint punishment and criminal responsibility investigation.
1. Public offering of selected layers
(1) Direct pricing issue: refers to the issue price of new shares announced in the issuance announcement.
(2) Competitive issuance: refers to the issue price that has not been determined in the issuance announcement. Investors enter the purchase price at the time of purchase, and then determine the issue price according to the pre-agreed rules and make an effective quotation for investors.
(3) Inquiry and issuance: make inquiry with reference to the inquiry object to determine the issuance price.
The market value/valuation of the New Third Board Company has increased significantly. Therefore, the attraction to investors has greatly increased!
2. 100% winning?
The saying that 100% is won in the selection layer of the New Third Board is mainly related to the principle of subscription and distribution of new shares.
First of all, proportional placement, the more you buy, the more you distribute.
The public offering of the New Third Board has fully considered the willingness of small and medium investors to participate. For investors who participate in online issuance, when the total effective subscription amount of online investors is greater than the number of online issuance, proportional placement will be implemented, and the number of shares to be placed will be calculated according to the effective subscription amount and the total amount of this stock issuance, which will greatly realize "the applicant has his share" and improve the subscription efficiency and distribution scope of investors.
Secondly, the earlier the subscription time, the higher the success rate of "innovation", and at least allocate 100 shares.
The minimum allotment unit for proportional allotment is 65,438+000 shares. If the shares distributed according to the above method are less than 65,438+000 shares, the rights issue will not be carried out temporarily. After the summary, 65,438+000 shares will be distributed to investors in turn according to the principle of time priority until there are no remaining shares.