What are the requirements for opening GEM?

How to open the GEM After the reform of the GEM registration system, many changes have taken place in the trading system. Growth enterprise market should be more flexible in price limit and trading methods, which makes many investors want to open growth enterprise market accounts. So how do you open the GEM?

1. If you want to open a GEM account, you must first meet the conditions for opening an account:

First, the average daily assets of the securities account in the 20 trading days before the opening of the authority were more than 654.38+10,000 yuan.

The second is to have two years of trading experience.

2. You don't have to go to the sales department to open the GEM. After the implementation of the new regulations on April 28, 2020, the GEM can be handled online. Investors can prepare the network, the second-generation ID card and the designated bank card, then open their own trading software, find the relevant options for opening the GEM authority in the business process, and then follow the prompts.

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3. How to determine whether your trading experience meets two years? We can check the transaction records through the APP. If you change accounts, you can check the date of the first stock transaction in your securities account through the website of China Clearing. For enquiry methods, please refer to the enquiry guide of China settlement website. Before opening GEM, you must first open a Shanghai and Shenzhen securities account, and you already have experience in stock trading in Shenzhen. Whether speculating in Shanghai, Shenzhen or Growth Enterprise Market, they all use the same securities account. Opening the GEM does not mean that you are qualified to trade GEM stocks. Therefore, before the opening of the GEM, we must do the following to complete the task and be qualified to speculate on GEM stocks.

1. Investors should know the characteristics and risks of GEM as much as possible, objectively evaluate their risk tolerance, and prudently decide whether to apply for the opening of GEM.

2. Investors shall apply to the business hall of the securities company for opening the Growth Enterprise Market. You may also apply online, but few people use it. Even if you apply online, you still have to go through other procedures in the business hall of the securities company. It is better to apply directly in the business hall of the securities company.

3. After the investor applies for opening, it shall provide the securities company with basic information such as its identity, property and income status, risk preference, etc. As long as you still hold stocks or have thousands of dollars in your original securities account. Securities companies will evaluate investors' risk-taking ability accordingly, and inform investors of the evaluation results as a reference for investors to judge whether they are suitable to participate in GEM transactions. (This step is simplified in the actual operation process, so it's not so troublesome, just let you answer a paper and simply fill out a few forms. )

4. Under the witness of the person in charge of the securities company, investors should sign the risk disclosure statement in the business department of the securities company as required (investors without two years of trading experience should also copy the Special Statement). After completing the relevant verification procedures, the securities company will open the GEM market for investors within the specified time. This is also a simple procedural problem, just sign it, it's not that troublesome. )

5. Documents required when applying: my ID card and Shanghai and Shenzhen securities account card.