What are the requirements for opening the GEM, and how to open the GEM?

From April 28, 2020, the conditions for individual investors to open the GEM are:

1. Asset requirements: The assets in the ** account and capital account are not less than 100,000 yuan per day in the 20 trading days before applying for the opening of the authority (excluding the funds and ** invested by the investor through margin financing and securities lending);

2. Trading experience: more than 24 months of participation in ** trading (must be met). Only individual investors who participate in the trading of A shares, B shares, depositary receipts and the listing of the National Equities Exchange and Quotations (NEEQ) can be counted in the time for participating in the ** transaction.

The relevant transaction experience is calculated from the first transaction of any ** account under the investor's own one-code access in the Shenzhen ** Stock Exchange, Shanghai ** Exchange and the National SME Share Transfer System. The date of the first transaction can be inquired by ** company to ChinaClear.

If you meet the conditions, you can apply for activation through the brokerage counter or trading software.

Starting from April 28, 2020, the following conditions must be met for the new GEM permission:

1. In the 20 trading days prior to the opening of the application permission, the average daily assets in the ** account and capital account shall not be less than RMB 100,000 (excluding the funds and ** invested by the investor through margin financing and securities lending);

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

Reminder: Investors who have opened the GEM trading privilege before April 28, 2020 can continue to participate in the non-registration-based GEM ** trading without being affected. However, before subsequently participating in the subscription and trading of the GEM under the registration system, it is necessary to re-sign the new version of the "GEM Investment Risk Disclosure".

The way to open the GEM is to buy the GEM directly in the company, and you can open the GEM account by the way. The process is convenient and you can open an account directly online.

Opening the GEM is also similar to opening an account, but his conditions are more demanding, and he needs to be the first to take the first number of years and the psychological state of taking risks before he can open the GEM.

What are the requirements for opening the GEM? Troublesome?

1. Requirements for GEM**:

1. More than two years (including two years) of ** trading experience, natural person investor.

2. After the investor submits an application for opening to the business department of the ** company.

3. Carefully read and sign the "GEM Market Investment Risk Disclosure" on the spot.

4. Two trading days after the above documents are signed, the GEM market can be opened after the company completes the relevant verification procedures.

5. Investors can also withdraw their application during this period.

2. Precautions:

1. For investors who do not have two years of trading experience, in principle, direct participation in the GEM market is not encouraged. Investors can participate indirectly by purchasing GEM investments**, wealth management products, etc. If the investor has carefully assessed his own risk-bearing capacity and insists on applying, he must sign the "GEM Market Investment Risk Disclosure Letter" as required at the business department, and transcribe the "special statement" on the voluntary assumption of market risks.

2. Five trading days after the above documents are signed, investors can open the GEM market after the company has completed the relevant verification procedures and been signed and approved by the person in charge of the business department. Investors can also withdraw their application during this period.

Starting from April 28, 2020, individual investors must meet the following conditions to open GEM for the first time:

1. The average daily assets in the ** account shall not be less than RMB 100,000 in the 20 trading days prior to the opening of the application authority (excluding the funds and ** invested through margin financing and securities lending);

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

Extended Materials. 1. What are the requirements for subscribing for new shares on the GEM?

The conditions required to subscribe for new shares on the GEM are:

Existing investors can continue to participate in transactions after signing a new risk disclosure statement;

Incremental investors are required to have an average daily asset of not less than RMB 100,000 in the ** account and capital account in the 20 trading days prior to applying for the opening of the permission, and to participate in ** trading for more than 24 months.

There is no handling fee for opening the GEM, and the opening conditions are gradually relaxed, and the specific relaxation conditions are different for each brokerage company, which needs to be subject to the regulations of the brokerage company.

2. What are the new rules for the listing and trading of new shares on the GEM?

New rules for the listing and trading of new shares on the GEM: There is no limit on the rise and fall of new shares on the GEM for the first five trading days (set two suspension indicators for the rise and fall of %, each suspended for 10 minutes), and the limit on the rise and fall after five trading days is 20%, and there are after-hours pricing transactions, and the trading time is 15:05-15:05 on the afternoon of the trading day

30。At present, the GEM implements a registration system, and the risk is greater than that of the main board market, starting with 300.

3. What does it mean that you have not opened the GEM permission?

Not opening the GEM permission means that the account does not have the permission to open the GEM, which means that it cannot participate in the purchase of shares in the entrepreneurial sector.

If it is the first time to open the GEM, the customer needs to bring the original ID card to the company to apply for it on the spot during the trading hours of the trading day.

Threshold for opening the GEM: first, meet two years of trading experience; Second, the average daily assets of not less than 100,000 yuan in the first 20 trading days before the opening of the authority are met.

4. What is the difference between the SME Board and the Growth Enterprise Market?

The differences between the SME Board and the Growth Enterprise Market are as follows:

1. **** is different. The **** of the SME board starts with 002; The **** of the GEM starts with 300.

2. The listing conditions are different. The listing conditions of the SME board are: the cumulative operating income in the past three years exceeds 300 million yuan, or the cumulative net operating cash flow in the past three years exceeds 50 million.

Profitable for 3 consecutive years, with a cumulative net profit of more than 30 million; The listing conditions of the GEM are that it has been in operation for 3 years, has a certain scale, and has strong growth and innovation activity.

3. The trading conditions are different. Small and medium-sized enterprises can generally trade when they open a ** account; Investors on the GEM must have more than two years of ** trading experience, and they must go to the brokerage business department to sign the formalities on the spot.

To open GEM, you need to meet the following requirements:

1. Have more than two years (including two years) of ** trading experience, and the risk assessment is above 40 points.

2. If the trading experience is less than two years, an interview is required, and when signing the "GEM Market Investment Risk Disclosure Letter", a "special statement" should be transcribed on voluntarily assuming market risks. The professional knowledge assessment is above 80, and the risk assessment is above 40 points.

Investors who meet the opening conditions need to bring their ID cards to the counter of the business department of the ** company to apply, and after signing the agreement to open the GEM, the ** company will open the GEM for investors within the specified time, and the GEM can be traded two trading days after the opening of the GEM**.

Conditions for the opening of the GEM:

1) Customer risk tolerance assessment.

1. Conduct the "Customer Risk Tolerance Assessment" for individual customers who apply for the opening of GEM trading permissions.

Customers who have not completed the customer risk elimination tolerance assessment will not be able to open the GEM trading permission. Individual customers can take a risk tolerance assessment on-site or online at their business premises.

2. For principal-guaranteed and conservative customers with an assessment score of less than 40 points, market risk warnings should be strengthened to them, and they should be persuaded to carefully consider whether to apply for GEM trading.

3. Customers are required to fill in personal information truthfully and completely, and customers who obviously provide false information or incomplete information should be reminded to correct it.

4. For customers who do not cooperate with suitability management, after ineffective persuasion, the business department may refuse to open the GEM market for them.

2) Confirm whether the customer's trading experience is enough for two years.

1. Natural person investors with more than two years (including two years)** trading experience can apply to open the GEM market trading, and need to sign the "GEM Market Investment Risk Disclosure Letter" on the spot, and the document can be opened for trading two trading days after the document is signed.

2. If a natural person investor with less than two years of trading experience applies for trading on the GEM market, when signing the "GEM Market Investment Risk Disclosure Letter", he or she shall copy the "Special Statement" of the Disclaimer on voluntarily assuming market risks.

1. Asset threshold: The average daily assets in the investor's ** account and capital account in the 20 trading days before applying for the opening authority shall not be less than 100,000 yuan (of course, this does not include the funds obtained by the investor through margin financing and securities lending);

Investors can only apply to open the GEM if they meet these basic conditions.

The GEM is not a science and technology innovation board, and the two represent two different major sectors in the first transaction. The GEM is mainly a trading market for those who are temporarily unable to be listed on the main board market to provide financing for some innovative, high-tech enterprises, small and medium-sized enterprises. The GEM is listed on the ** market, and only if it meets the conditions of the GEM and the scale of funds reaches a certain standard, it can be allowed to be listed on the GEM market.

Most of the companies listed on the Science and Technology Innovation Board are some high-end equipment, new materials, new energy, energy conservation and environmental protection and other high-tech industries, such companies are listed on the Science and Technology Innovation Board, the first opening threshold is to reach 500,000 yuan, and there is no restriction on scale and profitability for subsequent listings, and the Science and Technology Innovation Board is listed on the Shanghai Stock Exchange.

At present, there are two situations for opening the GEM authority, one is that it has been opened, and the other is that the GEM has not yet been opened. 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 GEM requires that the average daily assets of individual investors' accounts in the first 20 trading days shall not be less than 100,000 yuan. Extended Materials.

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 should be not less than RMB 100,000 per day (excluding the funds and ** invested through margin financing and securities lending);

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.

For the first time to open an account on the GEM, you need to go to the counter of ** company for processing, and you can't handle it on weekends, you need to go to ** company with your personal ID card to fill in the application materials and apply 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 transaction after the company's verification.

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 positive, because since May 18, 2020, the risk level of the GEM business is 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 the GEM account must be active, and the level below the active type cannot open the Science and Technology Innovation Board, please be aware.

The following conditions must be met to open the GEM:

1.More than two years (including two years)** trading experience;

2.Fully understand the risk characteristics of the GEM market;

3.The average daily account holdings of 100,000 assets in the previous 20 trading days.

Tips: Most brokerages such as Guotai Junan, Haitong, Shanghai**, GF and other APPs have supported the online opening of GEM permissions. Whether you can open an account online also needs to consult your account opening broker.

1. What are the requirements for opening the GEM?

1. Natural person investors with more than two years (including two years)** trading experience can apply to open the GEM market trading, but they need to sign the "GEM Market Investment Risk Disclosure" on the spot, and the transaction can be opened two trading days after the document is signed, and in principle, investors with less than 2 years of experience can open the GEM.

2. Investors fully understand the risk characteristics of the GEM market.

3. Investors need to prudently judge their own risk identification ability and tolerance.

Second, the benefits of opening the GEM.

**The advantage of opening the GEM is that you can trade the GEM**, and you can also subscribe for new shares on the GEM. Investors do not buy the ** of the GEM, as long as there is **, they can also subscribe for new shares of the GEM.

There is no charge to open the GEM trading permission. Apply for the permission to open the GEM through the company's software, 9:00-16:00 on T day

If the activation is successful before 00, it will take effect in real time; From 16:00 on T+1 to 9:00 on T+1, it will take effect after 9:00 on T+1, and the SMS prompt will prevail.

2. What should we pay attention to after the opening of the GEM?

1. After the opening of the registration system, the threshold for listing is lowered, and the speed of listing is improved, so there will be a large number of ** listings, which will bring difficulties to future stock selection, so it is best to fix your own stock selection ideas now, otherwise there will be a stage of rapid expansion of A shares in the future.

2. There is a wave of delisting of junk stocks, and after the opening of the registration system, because of a large number of **entered**, shell resources are no longer as valuable as before, and a large number of junk stocks will be abandoned by funds. In addition, there is now a market value delisting, and if the market value of the GEM ** is less than 500 million, it will be forced to delist for more than 20 days. Therefore, after the opening of the registration system, do not do junk stocks again, it is very dangerous, and if you don't do well, you will be delisted.

3. After the opening of the registration system, it means that the first is beginning to mature, and it is no longer the regulator's check, but to let the market make its own choice, that is to say, after the opening of the registration system, the difficulty of trading in the first class will become higher and higher, if there is no real ability, it will soon be eliminated, so the opening of the registration system is a process of accelerating the de-escalation. As an ordinary trader, either you work hard to learn and adapt to the future trading system, or you will be eliminated.

Expand knowledge: GEM, also known as the second-board market (second-board market), is a different kind of market from the main board market, which is designed to provide financing channels and growth space for start-up enterprises, small and medium-sized enterprises and high-tech industry enterprises that need to be financed and developed enterprises that cannot be listed on the main board for the time being, and is an important supplement to the main board market. It has an important position in the capital market.