The new earnings of A shares in Shanghai and Shenzhen stock markets are relatively high, and the probability of breaking new shares after listing is low and the probability of rising is high, so the new activities of stocks are very popular among investors. However, the success rate of Shanghai and Shenzhen A-share new shares is very low, so is there any limit on the subscription amount of new shares? Can you win the top subscription? I have prepared relevant contents for your reference.
What will happen if you don't pay for the subscription of new shares?
If an investor wins the lottery three times in a row within 12 months, he shall not participate in the online subscription of new shares or convertible bonds within six months from the day after the last declaration to abandon the subscription (calculated by 180 natural days, including the next day).
The subscription of new shares is a bit like winning the lottery. Not everyone can buy it. Only when they win the lottery can they be eligible to buy. Therefore, if you do not intend to buy, it is generally not recommended to purchase new shares.
What will happen if the new shares are not paid in full?
Generally speaking, after the lottery of new shares, it is necessary to ensure that the fund account has enough subscription funds for new shares at T+2 16: 00, and the payment is 1 share. If the new shares are not paid in full, then payment cannot be made after this time.
So in order to avoid this situation, it is best to prepare funds in advance, because not everyone can win the lottery, and some people can't buy it if they want to. Although new shares also have risks, the risks are relatively small.
If you play new shares on the Shanghai and Shenzhen main boards,
New shares rose or fell by 44%. According to the daily limit calculation, you can earn 44% by selling at the daily limit on the first day of listing, and you can earn 4400 yuan on the first day of winning 10000. Of course, you don't have to sell it, because new shares, especially some small-cap companies, often go up and down continuously. The more daily limit, the greater the income, each daily limit 10%. The premise is to sell at the right time, not too greedy. Because there are many cases where the stock price will fall back or even break after a short-term rise, once it breaks, it will not make money or even lose money.
If you win the GEM and science and technology innovation board's new shares, because you are the first to implement the registration system, there is no price limit in the first five trading days of IPO. Theoretically, the price of the first day of listing can be infinite, and the price will be limited to 20% after five days. Therefore, in the case of the same lottery, in theory, the income of GEM and science and technology innovation board will be greater, but it is not absolute. It also depends on the lottery rate and the capital game.
I still have to remind you that since the reform of the registration system was implemented in addition to the motherboard, the motherboard is also accelerating the registration system. Coupled with the changes in the inquiry system of IPO in September 2023, many IPOs were broken on the first day, and the winning rate was getting higher and higher. If you don't sell it in time after winning the prize, you will not only make money but also cause losses.
It's getting harder and harder to make money by playing new games. Investors are advised to participate in new games rationally. Even if they win the bid, they should not pay blindly. It's not too late to go back on our word. It's just that 12 months failed to win the lottery for three consecutive times, but it didn't pay in full, so it can't participate in the online subscription of new shares for six months from the day after giving up the subscription (calculated by 180 natural days, including the next day).
1. Is there any limit on the subscription amount of new shares?
There is a quota limit for investors to subscribe for new shares.
According to the regulations of Shanghai and Shenzhen Stock Exchanges, investors need to hold the market value of the first 20 trading days (including T-2) in their securities accounts on T-2 (T is the online subscription day) to calculate the subscription amount, but investors need to hold more than 20 shares in Shanghai and Shenzhen stock markets 1000 for 20 consecutive trading days to qualify for new shares.
According to the regulations of Shanghai Stock Exchange, investors can subscribe for one unit for every 1 000 yuan of Shanghai stock market value, and the part less than 1 000 yuan is not included in the subscription amount. Each subscription unit is 65,438+0,000 shares, and the number of subscriptions is 65,438+0,000 shares or an integer multiple thereof, which shall not exceed one thousandth of the initial number of shares and 99,999,000 shares at most.
According to the regulations of Shenzhen Stock Exchange, investors can purchase one unit for every 5,000 yuan of Shenzhen market value, and the part less than 5,000 yuan is not included in the purchase quota. Each subscription unit is 500 shares, and the number of subscriptions is 500 shares or an integral multiple thereof, which shall not exceed one thousandth of the initial number of new shares and 99.999 million shares at most.
Second, can the top subscription be won?
Investors' top purchase is to purchase according to the maximum quantity that can be purchased at present. However, even if it is a top-level subscription, the probability of investors winning new shares is low, and they may not be able to win. The probability of winning the lottery is only about four in ten thousand.
For example, if an investor holds Shanghai stock 12 days in 20 trading days and the stock market value is 100000 yuan, then the average daily market value of the stock is (1 210)/20 = 60000 yuan, and investors can subscribe for10000 yuan. Although investors subscribed for 6,000 shares, because Shanghai and Shenzhen A shares allocated new shares by lottery, investors may be lucky to win 5,000 shares, or they may not win the last one.
Why is the subscription of new shares always unsuccessful?
Winning the new share subscription is a matter of probability and luck. Just like buying lottery tickets, some people will win, some people will not win, but most people will not win, only a few people will win, so it is normal that lottery tickets don't win, which is similar to the probability of winning lottery tickets.
If investors really want to win the lottery, they can try to increase the market value of stocks. Generally speaking, the bigger the market value, the more matching numbers you get, and the greater the probability of winning the lottery. Shanghai Stock Exchange 1000 shares = 1 matching number, science and technology innovation board 500 shares = 1 matching number and Shenzhen 500 shares = 1 matching number.
Investors with financial conditions can spread their funds to different accounts and open new accounts to improve the winning rate. For example, there are 654.38+00000 investors, which can be divided into five accounts, so that five accounts can participate in innovation at the same time, which can increase the winning rate. However, we should pay attention to the risk of breaking new shares and buy them carefully.