The Shanghai and Shenzhen Stock Exchanges have merged the fund freeze (T+ 1) and capital verification transfer (T+2) in the subscription process of new shares into the fund freeze and capital verification transfer (T+ 1), which are the things that need to be handled on the two trading days of "T+ 1" and "T+2".
If they are merged into one trading day, the thawing date of the subscription funds for new shares will become (T+3), that is, the winning results will be announced on the third day after the subscription date (T+3), and the funds will be thawed and the subscription funds for new shares will be paid according to relevant regulations.
Extended data:
Because the subscription funds of new shares generally greatly exceed the funds planned by newly listed companies, it is necessary to randomly allocate shares among all subscription funds to ensure the fairness of subscription.
The operation of online subscription is similar to buying stocks, but the difference is to apply in advance. The way to apply is to draw lots to buy numbers, and the winning numbers are generally published in relevant newspapers and websites on the fourth day.