The subscription of new shares on GEM itself is very risky. First, because the new shares on the GEM are all small enterprises, the overall investment model is not very stable, and the product market of such enterprises is not very large. The following is a small introduction about how to purchase new shares on GEM, which is for reference only and I hope it will help you.
How to purchase new shares on GEM?
The subscription of new shares on GEM can be made by online pricing, full prepayment and linking with savings deposits. The method of "online pricing" has been adopted by many investors. Many investors say that they have subscribed for new shares, but the specific subscription process is not very clear. The following are five stages of online subscription of new shares on GEM.
1. On the day of subscription, that is, T+0, investors should make subscription through the entrustment system during the opening period, and let the Shenzhen Stock Exchange give feedback and accept it. During the online subscription period, investors shall fill in the entrustment form at the issue price according to the method of entrusted stock purchase, and once declared, they shall not withdraw the order. Investors who subscribe for many times, except for the first subscription, are regarded as invalid subscriptions, and invalid subscriptions cannot subscribe for new shares. The subscription entrustment of each account shall not be less than 65,438+0,000 shares, and the number of shares exceeding 65,438+0,000 shares must also be a multiple of 65,438+0,000 shares.
2. On T+1day, the subscription funds shall be remitted to the account designated by the online business department of Shenzhen Stock Exchange. The registered computer institution of Shenzhen Stock Exchange will freeze the subscription funds in the subscription account. If it is determined that the subscription funds cannot be credited in time due to the bank settlement system, it must provide the transfer voucher through the electronic interbank system of China People's Bank within T+ 1 and ensure that the subscription funds are credited in the morning of T+2.
3. On T+2, Shenzhen Stock Exchange will cooperate with underwriters and accounting firms to verify the subscription funds, and the accounting firms will issue a capital verification report, and the funds actually put in place will be numbered consecutively as valid subscriptions.
4. On T+3, the lead underwriter is responsible for organizing the lottery and announcing the lottery results on the same day.
On 5.T+4, the Shenzhen Stock Exchange unfrozen the unpaid funds and asked the brokers to return the unpaid subscription money.
Innovation and trading rules of GEM
First, open the permissions.
New GEM investors must meet the requirements of the first 20 trading days, with an average daily asset of not less than 65,438+10,000 yuan and 24 months of A-share trading experience.
Investors in GEM, users of Oriental fortune securities, can re-sign a new electronic risk disclosure in Cai Dong app.
Second, do a good job in playing new qualifications online.
Issue new shares on T-2, push forward for 20 trading days, and hold unlimited A shares in Shenzhen every day, at least 1 000 yuan. In order to have a new starting qualification on the Internet.
Every 5,000 yuan of stock market value corresponds to a "subscription unit", that is, 500 shares. The market value of less than 5000 yuan is not a quota.
The bigger the stock market value of Shenzhen Stock Exchange, the more units you buy. However, the subscription number must be an integer multiple of 500 shares.
New trading rules for registered stocks on GEM
I. Trading Time
When the call auction session opens at 9: 15-9:20, you can accept the limit order and cancel it.
When the call auction session opens from 9: 20 to 9: 25, the limit order is accepted and irrevocable.
During the silent period from 9: 25 to 9: 30, the limit order is not accepted and cannot be revoked. After the market opens at 9: 30, the system will conduct matching transactions according to the principle of price priority and time priority.
9: 30-11:30/13: 00-14: 57 continuous bidding period.
14:57- 15:00 late in call auction, only limit orders are accepted, and orders cannot be withdrawn.
15:05- 15:30 after-hours pricing transaction. For GEM stocks with price limit, the price limit of after-hours pricing trading cannot exceed the price range. After the closing, according to the principle of time priority, the transaction will be made one by one based on the closing price of the day. Orders that fail to close can be cancelled.
Second, the number of transactions
100 shares or integer multiples thereof, and trading of 10 1 or 102 shares is not allowed. However, when there are only less than 100 shares left, you can declare and sell them at one time.
Third, price restrictions.
1. There is no price limit for newly listed GEM stocks five days before listing.
2. Starting from the sixth day, the daily limit will rise and fall by 20% on the basis of the closing price on the fifth day.
Fourth, the declared price range of pending orders.
There is an unlimited price, and the declared purchase price is ≤ 65438+ 002% of the benchmark purchase price; The declared selling price is ≥ 98% of the benchmark selling price.
For the convenience of buying and selling, it is not feasible for investors to fill in the form directly according to the daily limit and the daily limit. Pay special attention to this.
To give a common example, an actively traded stock usually has five purchases and five sales.
Buying is "limited to buying high", and it is not allowed to hang high prices at will. If the selling price is 10.50, then10.50 _102% =10.71,and the price cannot be higher than it.
Selling "limited to low sales" is not allowed to hang low prices at will. If you buy one at 9.50, then 9.50_98%=9.3 1, and sell the pending order, the price cannot be lower than it.
Verb (abbreviation of verb) temporary pause mechanism
When the intraday trading price of a stock rises or falls by ≥30% or 60% compared with the opening price of the day for the first time, the Shenzhen Stock Exchange will temporarily suspend trading of the stock. Single stop time 10 minute, with a maximum of 4 stops throughout the day.
What are the requirements for playing new shares on GEM?
1, individual investors need to have more than two years of experience in A-share trading.
2. In the first 20 trading days of the GEM, the average daily assets of the securities account were above 654.38+10,000 yuan.
3. Meet the conditions for subscription of new shares, that is, the average daily market value of securities in the first 20 trading days of T-2 is not less than 6,543,800 yuan. GEM belongs to Shenzhen Stock Exchange. Every 65,438+0,000 yuan of Shenzhen Stock Exchange corresponds to two units with 500 shares each.
4. Shareholders need to accept the risk tolerance assessment of professional institutions before opening the trading authority of GEM.
5. For every 5,000 yuan worth of stocks held by Shenzhen Stock Exchange, you can subscribe for 1 unit of GEM stocks.
Growth enterprise market, also known as the second board market, is a kind of securities market different from the main board market, which provides financing channels and growth space for entrepreneurial enterprises, small and medium-sized enterprises, high-tech industrial enterprises and other enterprises that need financing development. Growth enterprise market is an important supplement to the main board market and occupies an important position in the capital market. The stock code of listed companies in China Growth Enterprise Market starts with "300".