Does the new Venture Registration System have an impact on customers who have previously opened the

Existing investors can continue to participate in the GEM ** trading, and the price increase has changed from the original 10% to 20%. Under the registration system, you need to re-sign the "GEM Investment Risk Disclosure Letter" before participating in the issuance and trading of new shares on the GEM.

The GEM opened before April 27 can still handle the GEM transfer business, but the opening and second opening of the GEM under the new regulations require capital verification conditions, and there is no such thing as transfer.

No. The Growth Enterprise Market (GEM), also known as the second board market, is a different type of market from the small and medium-sized board, the science and technology innovation board, and the main board. Because it is mainly set up to solve the financing and development needs of small and medium-sized enterprises and entrepreneurial enterprises, and most of the listed companies are entrepreneurial enterprises, it is also known as the Growth Enterprise Market.

Compared with some developed countries in the West, China's first start is late and the system is not perfect, and with the development of the national economy, it is a general trend to gradually improve the relevant system towards internationalization. The implementation of the registration system on the GEM is relatively speaking, a big step forward for the improvement of China's best system; In addition to integrating with the international financial market, it will also accelerate the survival of the fittest in the market.

After the pilot of the Science and Technology Innovation Board was stabilized, the registration system of the Growth Enterprise Market (GEM) also began to be implemented, which is a gradual process. It can be boldly speculated that after the GEM registration system has stabilized for a period of time, the next step may be the reform of the main board, the full liberalization of the rise and fall, or the launch of the T+0 system.

At present, there are two situations in which the GEM authority is opened, one is that it has been opened, and the other is that the GEM has not been opened in the jujube bump rock type. Clause.

1. The opening of a ** investment account on the GEM requires individual investors to have more than 2 years of ** investment experience; Clause.

2. The opening of an investment account on the Growth Enterprise Market (GEM) requires an account of an individual investor.

The average daily assets of the first 20 trading days shall not be less than 100,000 yuan. Extended Resources:

For individual investors who have previously opened the GEM, they can sign the GEM trading risk agreement in accordance with the requirements of the brokerage. For individual investors who have not yet opened the GEM and newly apply for the trading privilege of the GEM, two conditions need to be met:

1. In the 20 trading days prior to the opening of the authority**, the assets in the ** account and capital account shall not be less than RMB 100,000 per day (excluding margin financing and securities lending).

integrated funds and **);

2. Participated in ** trading for more than 24 months.

To open the GEM trading authority, you need to go to the business department of ** company to open it on the spot, sign a risk agreement, etc., and you need to open an account during trading hours.

The first time you open an account on the GEM needs to go to the counter of the ** company for processing, and it cannot be handled on weekends, and you need to hold a personal ID card.

Go to ** company to fill in the application information and submit an application for opening; The company will evaluate according to the basic information provided by the investor, such as identity certificate, application materials, risk appetite; Under the guidance of the business manager, sign the risk notice, record the review, and open the GEM market after the company verifies and passes.

Trade. The following is a detailed explanation of the three major conditions:

1) The average daily assets of 100,000 or more in 20 trading days are a condition that many people will misunderstand.

First, 20 trading days, remember that this is a trading day, not 20 days, and you need to make a mistake.

Second, the average daily assets of 100,000, the focus is on assets, assets include market value and funds, some people will understand that the average daily assets of more than 100,000, must be bought, this understanding is wrong.

Therefore, one of the conditions for opening the GEM needs to pay attention to the following two points.

2) You must have 24 months of trading experience, this condition is easy to understand, 24 months means 2 years, as long as you have opened a shareholder account for 2 years.

Trading experience does not mean that you have to trade, you can't empty a position, in fact, you only need to open an account for 2 years.

3) The risk test rating is in the positive type, as the risk rating of the GEM business will be changed from May 18, 2020.

It is a medium risk.

The risk level of the **** account is divided into the following five:

conservative investors; cautious investors; Moderate investors; active investors; Activist investors.

The risk level of the GEM is medium risk, so the authority to open an account on the GEM must be active, and the level below the active type cannot open the STAR Market.

Thank you for your understanding.

Hello, glad for your question!

The Growth Enterprise Market (GEM) is also known as the second board market, that is, the second market, which is different from the main board market, and is designed to provide financing channels and growth space for entrepreneurial enterprises that cannot be listed on the main board market temporarily. The Growth Enterprise Market (GEM) is an important supplement to the main board market and occupies an important position in the capital market.

The conditions that need to be met to open the GEM are:

1) At least 24 months of investment experience;

2) The average daily assets for 20 consecutive trading days before the opening should be more than 100,000 yuan;

3) The risk assessment result should be active and above customers.

Note: The investment experience is accumulated from the first purchase**, and has nothing to do with the specific brokerage; If the fruit is before April 28, 2020, there are no restrictions on the opening of the GEM. Wang Yin.

It will be possible to establish a market-oriented issuance and underwriting system, with no administrative restrictions on the pricing of new shares.

Establish a market-oriented issuance and underwriting system, without any administrative restrictions on the pricing of new shares, and establish mechanisms for inquiry, pricing, and placement with institutional investors as the main participants. Improve the GEM trading mechanism, relax the limit on price rises and falls, and optimize the refinancing mechanism and the intraday temporary suspension system.

Establish a system of continuous regulatory rules in line with the characteristics of GEM listed companies, establish a strict system of information disclosure rules and strictly implement them, and improve the pertinence and effectiveness of information disclosure. Improve the delisting system, simplify the delisting procedures, and optimize the delisting criteria. Improve the risk warning system for delisting of GEM companies.

A certain transition period will be set for the delisting of existing companies on the GEM.

What are the pros and cons after the GEM registration is opened, in fact, he and the pros and cons are not very much, in fact, the market, if you open the GEM, it is just to make it more convenient for you to have one more channel for trading.

1. In the 20 trading days before the investor opens the GEM, the average daily assets in the account of the shantymodel investor shall not be less than 100,000 yuan;

2. Investors must have more than two years of trading experience in the ** market.

The above are the main conditions for opening the entrepreneurial sector, the GEM is different from the main board market, the GEM is a special for enterprises that cannot be listed on the main board market, providing growth space and financing channels of the first trading market.

1. Provide growth space and financing channels for small and medium-sized start-ups;

2. According to the relevant mechanism of the market, make an effective evaluation of the value of entrepreneurial assets, and then promote the mutual chain of capital and knowledge, and promote the progress of the knowledge economy;

3. Reduce investment risks, increase the flow and use efficiency of investment resources, and form a good investment cycle;

4. By strengthening the liquidity of enterprise shares, it is convenient for enterprises to implement equity incentive plans and encourage employees to create value for the enterprise;

5. Establish a modern enterprise system by promoting the standardized operation of the enterprise.