Detailed explanation of science and technology innovation board's new share subscription rules and science and technology innovation board's new share subscription rules

Science and technology innovation board is one of the stock trading boards, which is independent of the main board market. There will be new shares listed on the science and technology innovation board from time to time, and investors can purchase them through stock software. However, before buying, investors should understand the rules of science and technology innovation board's IPO subscription to avoid any problems during the subscription period.

Rules for subscription of new shares of science and technology innovation board

1. time for subscription of new shares of science and technology innovation board.

China stock trading hours are from 9: 30am to11:30pm and from 6: 5438+0: 00pm to 3: 00pm. Investors can subscribe for new shares of the science and technology innovation board from 9:30 am to 3:00 pm.

2. Each investor can only subscribe for science and technology innovation board new shares once.

Each investor can only subscribe for science and technology innovation board new shares once, and some investors will open securities accounts in different securities companies. When investors have multiple securities accounts, they can only subscribe for science and technology innovation board new shares in one securities account. Once an investor subscribes for new shares in science and technology innovation board in this securities account, other accounts cannot subscribe for new shares in science and technology innovation board.

3. Once the subscription of new shares in science and technology innovation board is started, it is irrevocable.

After the investor initiated the subscription of new shares in science and technology innovation board through the securities account, once the subscription of new shares in science and technology innovation board was confirmed, the subscription of new shares in science and technology innovation board was irrevocable.

4. science and technology innovation board shall ensure sufficient funds in its securities account when purchasing new shares.

T+2 days after the subscription of new shares in science and technology innovation board is started, investors will receive the final subscription result of new shares in science and technology innovation board. If the investor wins the lottery, the payment for the subscription of new shares will be completed on the same day, that is to say, the funds in the investor's securities account will exceed the funds needed for the lottery of new shares, and the securities company system will automatically buy science and technology innovation board new shares with the funds in its own account.

Subscription conditions for new shares of science and technology innovation board:

1 The trading authority has been opened in science and technology innovation board, and the assets of the securities account and capital account are not less than RMB 500,000 per day in the 20 trading days before the application authority is opened, and they have been involved in securities trading for more than 24 months.

(2) There is sufficient market value in the account, that is, the total market value of holding unrestricted A shares and unrestricted depositary receipts in Shanghai market is more than 6,543.8+0,000 yuan (including 6,543.8+0,000 yuan). ), calculate the daily average holding market value of the first 20 trading days (including T-2 days).

When calculating the market value, if the investor holds more than one securities account, the market value of the multiple securities accounts shall be calculated together.

Investors can determine the online subscription amount according to the market value they hold. Technology can buy a subscription unit for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription amount. Each subscription unit of new shares is 500 shares, and the subscription quantity of new shares is 500 shares or its integral multiple, but the maximum subscription quantity shall not exceed one thousandth of the initial online issuance quantity at that time, that is, it shall not exceed 99,999,500 shares. If it is exceeded, the subscription will be invalid.

There is no price limit for new shares in science and technology innovation board in the first five trading days, and the price limit is 20% after five trading days. In addition, I would like to remind you that there is a risk of breaking new shares. I suggest you make your choice according to the company's fundamentals. Finally, remind investors that the stock market is risky and investment needs to be cautious.