What does "playing new shares" mean? Why can you make money by playing new shares?

Play new shares: use funds to participate in the subscription of new shares. If you win the lottery, you will buy the shares that will be listed soon. This is called playing new shares. Only institutions can buy offline, and you can buy online.

The subscription procedure is as follows:

1, subscribe

A stock will be issued on the Shanghai Stock Exchange on 1 1 month 15, 2008 .. At 9: 30 am ~1:30 pm or 1 ~ 3 pm on T day, shareholders can subscribe for 65433 through the entrustment system. The funds participating in the subscription will be frozen.

Step 2 match the number

On the second day after the subscription date (T+ 1), SSE will issue new shares according to the effective subscription amount: (1) If the effective subscription amount is less than or equal to the online circulation, there is no need to shake the number, and all distribution numbers are lottery numbers, and investors will subscribe for shares according to the effective subscription amount;

(2) If the number of subscriptions is greater than the online circulation, the effective subscription winning numbers shall be determined by drawing lots, and each winning number shall subscribe for a new subscription unit share. Subscriptions often exceed circulation.

Step 3 win the lottery

The winning rate will be announced on the third day (T+2) after the subscription date, and the winning result will be confirmed by the lead underwriter according to the total allocation number. The winning result will be announced in the designated media on the first trading day (T+3) after the lottery.

4. Unfreeze funds

On the fourth day (T+3) after the subscription date, unfreeze the unsuccessful subscription.