What are the reasons why new shares on GEM cannot be subscribed?

Reasons for failure to subscribe for new shares of GEM:

1 and T-2 (including T-2, which is the subscription date of new shares), the average daily market value of the corresponding market in the first 20 trading days is lower than 1 ten thousand;

2.3. At the beginning of the year, there was no authority to open the GEM to purchase new shares on the GEM;

3. New shares in Shanghai market are subscribed by credit account, and new shares in Shanghai market can only be subscribed by ordinary account;

4, the available funds are insufficient, and the subscription of new shares needs to use its own funds.

Extended data

The prerequisite for subscription of new shares is that the daily market value of securities held within 20 days before the subscription date exceeds 65,438+0,000 yuan (calculated separately in Shanghai and Shenzhen stock markets). Less than 65,438+0,000 yuan, which does not meet the conditions for subscription of new shares. Each market value of 1 000 yuan in Shanghai Stock Exchange is allotted a lottery, and one lottery corresponds to 1 000 shares. Shenzhen has 2 lots and 500 shares for every 65,438+00,000 yuan.

The market value can be reused on the subscription date. On the subscription date, there must also be funds available for subscription of new shares. Log in to the account and enter the stock subscription code. The system will automatically calculate the purchasable quantity of your account according to the situation of your account. If the quantity shows zero, you cannot participate in the subscription.