Why can't I subscribe for new shares?

If the amount in the account is 0, it cannot be purchased. See if the corresponding market quota in the account is enough.

How can I have a quota?

Quota is based on the market value held by investors to determine their online subscription quota.

Investors who require that the market value of A-shares with unlimited sales conditions in the corresponding market exceeds 6,543.8+0,000 yuan (including 6,543.8+0,000 yuan) can participate in online issuance. The market value held by investors is based on the unit of investors and calculated according to the daily average market value held in the previous 20 trading days (including T-2 days). (If the investor holds more than one securities account, the market value of the multiple securities accounts shall be calculated together. ) investors will have a quota to meet this requirement. The more market value, the more quotas.

Extended data:

Quota calculation rule

Shanghai: 1 subscription unit can be purchased for every 654.38+100000 market value, and the part less than 654.38+100000 is not included in the subscription amount. Each subscription unit is 1000 shares.

Shenzhen: You can buy 1 subscription unit for every 5,000 yuan market value, and each subscription unit has 500 shares.

For example:

For example, if you apply for new shares in Shenzhen on March 30th, you should push back March 28th for 20 trading days to calculate the market value. During these 20 trading days, the market value of A-shares with unlimited sale conditions in Shenzhen market will reach more than 6,543.8+0,000 yuan (including 6,543.8+0,000 yuan) on average every trading day, and there is a quota. The higher the market value, the more quotas.

The subscription of new shares is to obtain the low-risk price difference income in the primary market and the secondary market, and does not participate in the secondary market speculation. Not only the principal is very safe, but also the income is relatively stable, which is an ideal investment choice for stable investors.

The subscription of new shares is the investment method with the lowest risk and stable income in the stock market. IPO refers to the initial public offering of shares (IPO), which refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development.

The subscription of new shares is suitable for investors who have certain requirements on liquidity and risk tolerance, such as secondary market investors, bank financing investors and large enterprises and companies with idle funds.

References:

Baidu encyclopedia-subscription of new shares