Investors should first understand the minimum number of shares required for listing new shares; Secondly, it should be noted that as far as new shares are concerned, a securities account can only be subscribed once. Moreover, the account number cannot be purchased repeatedly or cancelled. Remember the purchase code before buying. If there is an error or violation of the above rules when placing an order, it will be regarded as invalid subscription.

For the subscription of new shares, the system will allocate the quota according to the market value of the shares held by the account, and only when there is a quota can the subscription be made. The rules of quota allocation are as follows: Assuming that T day is the subscription day, the system will automatically calculate the daily average stock market value in the account from T-2 to the first 20 trading days. Only when the average daily stock market value reaches 654.38+10,000 yuan, the quota will be allocated to the account.

1 000 yuan market value can subscribe for 1 000 shares, 20000 yuan market value can subscribe for 2000 shares, and so on. In addition, the Shanghai and Shenzhen markets are calculated separately. To subscribe for new shares in Shenzhen, you must have the stock market value of Shenzhen, and to subscribe for new shares in Shanghai, you must have the stock market value of Shanghai.

Extended data

Two ways to subscribe for new shares

1. The online subscription of the primary market must be entrusted on the day of issuance (that is, T day), and the code, price and subscription ceiling must be subject to the information published in the newspaper. Check the subscription number on T+3 (Shanghai and Shenzhen numbers are on the information bulletin board). On T+4, the winning account will be announced on the information bulletin board.

2. Placing new shares in the secondary market to investors in the secondary market means that when issuing new shares, a certain proportion of new shares are placed in the secondary market instead of being publicly issued online, and investors voluntarily subscribe for new shares according to the market value of their listed and circulated securities and the converted subscription limit. If an investor holds securities listed and circulated on the Shanghai and Shenzhen Stock Exchanges at the same time, the market value shall be calculated separately.

The trading system of each stock exchange only allocates new shares according to the market value of the securities listed and circulated in this exchange.

Baidu encyclopedia-subscription of new shares

Baidu encyclopedia-subscription of new shares