What does "win" mean?

Online subscription process of new shares \ x0d \ x0d \ T-day of investor subscription: investors pay the subscription money in full within the subscription time and entrust the subscription. \x0d\\x0d\ funds freeze T+ 1 day: China Clearing Company will freeze the subscription funds. \ x0d \ x0d \ capital verification and numbering T+2 days: The Exchange will automatically assign a number to the valid subscription according to the rule of assigning a number to every 65,438+0,000 shares (500 shares in Shenzhen Stock Exchange, the same below). \ x0d \ x0d \ lottery T+3 days: announce the winning rate, organize the lottery according to the total number of people and the winning rate, and announce the winning results the next day. \x0d\\x0d\ T+4 days to unfreeze funds: unfreeze the subscription money that has not been signed. \x0d\\x0d\ Note: Individual stocks are issued according to a special process, that is, the winning and repayment are announced on T+3, such as China Ping An: online subscription on February 12, and online subscription funds are unfrozen on February 15. \ x0d \ x0d \ The procedures for fund subscription and online pricing issuance announced by the two exchanges are basically the same. On the day of subscription, investors should pay the subscription money in full according to the issue price and effective subscription quantity stipulated in the issuer's issuance announcement, and make subscription entrustment. If the subscription amount paid by investors is insufficient, the securities trading outlets shall not accept the relevant subscription entrustment. Suppose Zhang San has 500,000 cash in his account, and he wants to participate in the subscription of new shares named "XXX". The subscription procedure is as follows: \ x0d \ x0d \ 1, subscribe for \ x0d \ x0d \ Suppose XX shares will be issued on the Shanghai Stock Exchange on June 1 at the issue price of 5 yuan per share. On June 1 day (t-day), Zhang San can use this 500,000 yuan to buy up to 65,438+10,000 shares of XX through the entrustment system at 0: 30 pm or 1: 00 to 3: 00 pm. The funds participating in the subscription will be frozen. \x0d\\x0d\2。 On the second day after the subscription date, the Exchange will issue new shares according to the effective subscription amount: \x0d\\x0d\ (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 subscription numbers are lottery numbers. \x0d\\x0d\(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. \x0d\\x0d\3。 The winning rate will be announced on the third day after the purchase date, and the lead underwriter will preside over the lottery to confirm the lottery results according to the total allocation number, and the lottery results will be announced in the designated media on the first trading day after the lottery. Each winning number can subscribe for 1000 new shares. \x0d\\x0d\4。 Unfreeze funds \ x0d \ x0d \ On the fourth day after the subscription date, unfreeze the unsuccessful part of the subscription. If Zhang San wins 1 1,000 shares, then 495,000 yuan will be returned to the account. If he doesn't win the lottery, all 500 thousand will be returned. Investors should also note that the issuer can call back the number of online issues and the number of offline issues according to the subscription situation, and finally determine the number of shares allocated to institutional investors and public investors. \ x0d \ x0d \ Problems needing attention in online subscription of new shares \ x0d \ x0d \ To subscribe for new shares, you must open a securities account in Shanghai Stock Exchange or Shenzhen Stock Exchange before the issuance date, and open a capital account in a securities company (business department), and the funds must be credited into the account. \ x0d \ x0d \ Investors can use their accounts to subscribe for new shares issued on the subscription date (hereinafter referred to as T-day), and the subscription time is 9: 30 am-165438+0: 30 pm, 1: 00- 3: 00 pm on T-day. \x0d\\x0d\ Each account can only subscribe for the same new share once (excluding funds and convertible bonds). Repeat subscription, only the first subscription is valid. \ x0d \ x0d \ Shanghai Stock Exchange stipulates that each subscription unit is 65,438+0,000 shares, and the number of subscriptions is not less than 65,438+0,000 shares. The number of shares exceeding 65,438+0,000 must be an integer multiple of 65,438+0,000, but the maximum number shall not exceed the number of public shares issued online or 99,999,000 shares. The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription entrustment of each securities account is not less than 500 shares. The number of shares exceeding 500 must be an integer multiple of 500 shares, but it must not exceed the number of online pricing issues and not exceed 99999500 shares. \x0d\\x0d\● The subscription of new shares cannot be cancelled, and the designated transactions during the subscription of new shares cannot be cancelled. \x0d\\x0d\● A subscription number is allocated to each 1000 (or 500) share for new share subscription, and all valid subscriptions are allocated continuously in chronological order, and the allocation number is uninterrupted until the last subscription, and the exchange will send the allocation result to all securities trading outlets. Any subscription with insufficient funds will be considered invalid and will not be allocated. \x0d\\x0d\● In case of overdraft subscription by investors (that is, the total subscription amount exceeds the balance of settlement reserve), the overdraft portion will be confirmed as invalid subscription and will not be numbered. \x0d\\x0d\ Each winning number is allocated 1000 shares (or 500 shares). At this point, investors don't need to "buy" separately, and the exchange system will automatically transfer the number of winning shares to your stock account, and the unsuccessful funds will be automatically unfrozen and returned. \ x0d \ x0d \ The listing date of new shares will be announced in the designated securities journal after it is approved by the stock exchange. \x0d\\x0d\ The subscription fee for issuing new shares through online pricing must be paid in advance. \x0d\\x0d\ Please read its prospectus and issuance announcement in detail. \x0d\\x0d\ Generally, you can inquire at the securities business department on the third trading day (T+3) after the subscription date, or you can inquire about the allocation number of new shares online, and you can find the allocation number in "Allocation Number". If you subscribe for 10000 shares, then you have 10 numbers (Shenzhen). After the winning numbers are announced, you can decide whether a pair will win or not. However, it doesn't matter if you don't look. If you really win the lottery, the stock will naturally be transferred to your account (the money will naturally be deducted). \x0d\\x0d\ The delivery form for T+4 days of new share subscription shows "sell". On T+ 1 day, after the subscription of new shares is completed, the brokerage firm prints the "buy" delivery slip, on T+4, the brokerage firm prints the "sell" subscription slip, and if the subscription is successful, it prints "buy" 1000 A shares. The "sell" subscription here is different from the usual meaning of stock trading, and it is a unified regulation of the exchange to return the investment subscription. For example, if an investor subscribes for 5000 new shares and wins 1 000 shares, "5000 shares sold" and "buy 1 000 shares" will be displayed on the T+4 delivery form. \ x0d \ x0d \ securities code change. The subscription code of T+ 1 day is 780XXX after the subscription is confirmed. The subscription amount is 790XX, and the code is 79 1XXX when the number of new shares is inquired on T+3. If the lottery wins, there is still 780XXX in the investor's account after T+4. On the day of listing and trading, the stock code is. The subscription code of new shares in Shenzhen Stock Exchange is 0XXX, and the subscription amount, distribution quantity, winning new shares and code will remain unchanged after listing. \x0d\\x0d\★ Changes in designated transactions during the subscription of new shares. If an investor subscribes for new shares on a certain day but cancels the designated transaction, the investor's new share data will be transmitted to the subscription seat, and the investor should make an inquiry at the original subscription seat. \ \x0d\\x0d\★ There is no handling fee for subscription of new shares. According to the regulations of the two exchanges, fees such as handling fees, stamp duty and transfer fees are not charged for subscription of new shares, but commissions can be charged as appropriate. However, for the sake of competition, most brokers do not charge this fee. \x0d\\x0d\ Precautions for online IPO subscription \x0d\\x0d\① Investors should fully understand the prospectus and issuance announcement before subscribing for new shares. \ x0d \ x0d \ ② Before subscription, sufficient funds shall be deposited in the subscription fund account. The minimum subscription limit of each securities account is 1000 shares (500 shares in Shenzhen Stock Exchange, the same below), and the subscription must be 1000 shares or an integer multiple thereof. \x0d\\x0d\③ Each account can only be subscribed once, and each 1000 share is assigned a number. For multiple subscriptions, only the first subscription is valid, other subscriptions are invalid, and invalid subscriptions will not be assigned numbers. \x0d\\x0d\④ The entrustment contract number is neither a subscription number nor a lottery number, but a computer serial number entrusted by investors in the securities department. On the third working day (T+3) after the subscription date, investors can check the number of new shares allocated through self-service system, telephone entrustment system or online trading system. On the fourth working day (T+4) after purchase, you can use your purchase number to check whether you have won the prize according to the winning number announced by the media. \ x0d \ x0d \ ⑤ There is no handling fee for subscription of new shares. The unsuccessful funds will be automatically returned to the fund account on the fourth working day (T+4) after the subscription date. \ x0d \ \ x0d \ 6 Subscription for new shares cannot be cancelled. The subscription time for new shares is from 9: 30 am to 3: 00 pm, and orders before 9: 30 am may be invalid (call auction will not be allowed to subscribe for new shares). \x0d\\x0d\ No matter whether it is successful or not, there is no handling fee! You can rest assured to buy! The good news of winning the lottery is waiting for you!