How is the quota for buying new shares calculated? How to calculate the subscription quota for new s

The quota for new share subscription refers to the market value of at least 10,000 yuan or more starting from T-2, and the subscription quota of the Shanghai and Shenzhen stock exchanges is calculated separately. The ** subscription is in Shanghai: more than 10,000 yuan can subscribe for 1,000 shares, and the system is equipped with a number.

If the investor has a market value of 200,000 yuan and holds it for one day, the subscription amount of new shares is: 200,000 yuan 20 days = 10,000 yuan (you can subscribe for 1,000 shares, there is only one number). **The subscription amount is:

For every 5,000 yuan market value, you can subscribe for 500 shares. ** is allotted two lots for every 10,000 yuan, and one sign is 500 shares. **The algorithm is the same as above, but two numbers can be matched.

2. Investment fluctuates with market changes, and it is possible to rise or fall. Investment is risky, and you need to be cautious when entering the market.

The specific provisions on the subscription of new shares are as follows:

IPO Subscription Rules].

1.SSE:

The starting point of the subscription market value: 10,000 yuan.

Market capitalization criteria: t -2 days.

Quota calculation: 10,000 yuan market value can subscribe for one unit.

Subscription unit: 1,000 shares or integer multiples thereof.

Opening Call Auction: not higher than 120% of the issue**, not less than 80% of the issue**

2.Shenzhen Stock Exchange:

The starting point of the subscription market value: 10,000 yuan.

Market capitalization criteria: t -2 days.

Quota calculation: 5,000 yuan market value can subscribe for one unit.

Subscription unit: 500 shares or its integer multiples.

Opening Call Auction: not higher than 120% of the issue**, not less than 80% of the issue**

Notes on IPO subscription]:

1.Investors must hold a market value of more than 10,000 yuan and sufficient funds for non-restricted A shares to participate in the online subscription of new shares, and the market value of the Shanghai and Shenzhen markets cannot be combined.

2.Calculation of **market value refers to the market value of non-restricted A-shares held by investors (including the main board, small and medium-sized board and GEM) on the 20 trading days prior to T-2 (T day is the subscription date, the same below), including the market value of the credit account of margin customers and the market value of the detailed account of **company refinancing guarantee**, excluding the market value of B shares, ETFs, **, bonds or other restricted A shares. If an investor holds more than one account, the market value of the account will be calculated together.

3.If an investor participates in the subscription of an online public offering**, the investor's first subscription is a valid subscription, and an investor can only use one ** account to make one subscription, and the rest of the subscriptions will be automatically cancelled by the system. Once the new shares are declared, the order shall not be cancelled.

If there are multiple ** issued on the same day, the market value quota available for subscription is applicable to each ** subscription by investors.

4.After the market value of the **T 2 day is determined, the market value of the T held on the T-2 day can be sold on T-1 day or T day, and the funds can be used to subscribe for new shares on T day.

The subscription date of new shares is T day, and the average daily market value in the 20 trading days before T-2 day is quoted, and the Shanghai and Shenzhen stock markets are calculated separately, and the average daily market value of 1W is **, and the Shanghai stock market has a quota to subscribe for 1,000 shares; **There are two quotas, you can subscribe for 1,000 shares.

Hello, the average daily holding of 10,000 yuan of non-restricted A** value in the first 20 trading days of T-2 (inclusive) can subscribe for new shares, and the Shanghai and Shenzhen markets are calculated separately;

Shanghai can subscribe for 1,000 shares for every 10,000 yuan of market value, and Shenzhen can subscribe for 500 shares for every 5,000 yuan of market value;

If the customer has multiple custodys in the same ** account, its market value will be calculated together. If the customer holds more than one ** account, the market value of the multiple ** accounts will be calculated together. The market value of the credit** account of margin customers is calculated on an aggregate basis.

Key points of the new rules for the subscription of new shares on the exchange.

1. Market value subscription by market.

Investors are required to hold a certain number of unrestricted A shares in order to participate in the online subscription. ETFs are not included in the market value calculated by the subscription quota.

The market value of Shanghai and Shenzhen accounts can only subscribe for new shares in the market, and cannot subscribe across markets. The market value can be reused, and when multiple new shares are issued on the same day, the determined market value can be used to participate in the subscription of multiple new shares.

2. Single-market accounts are combined.

The market value of the investor's holdings is calculated on an investor's basis. If the investor's same ** account is managed in multiple places, its market value shall be calculated together. If the investor holds more than one account, the market value of the multiple accounts will be calculated together.

The market value of the margin client's credit** account is combined into the market value of the investor's holdings, but the market value of the securities lending liabilities is not deducted from the investor's market value.

3. The funds must be sufficient on the subscription date.

Investors need to pay in full when making a subscription entrustment, and if each new stock is issued, and the investor's multiple ** accounts are entrusted at the same time, the first entrustment shall be confirmed as a valid subscription entrustment in chronological order, and the rest shall be confirmed as an invalid subscription entrustment.

4. Margin account subscription regulations.

The Shanghai credit ** account cannot subscribe for new shares, and the Shenzhen credit account can subscribe for new shares, but it is not allowed to subscribe with "financing**" entrustment, that is, it can only be subscribed with "ordinary**" entrustment.

Calculate the daily average of the 20 trading days prior to the T 2 day (including the day of the T 2 day). For example, if the IPO subscription is carried out on July 15, 2017, the investor's holding value should be the average daily holding value of the previous 20 trading days starting from July 13. Within 20 trading days, if the value of the holding is 200,000 yuan one day, then the subscription amount of the new shares is:

200,000 yuan 20 days 10,000 yuan (the available new share subscription quota is 1,000 shares).

1. What is the subscription process?

1. Investor subscription (T day): The investor pays the subscription amount in full within the subscription time and entrusts the subscription.

2. Funds frozen (T 1st): The subscription funds will be frozen by China Clearing Corporation.

3. Capital verification and number allocation (T 2 days): The exchange will automatically allocate a unified and continuous number to the valid subscription according to the rule of one number for every 1,000 (500 shares in Shenzhen) according to the final effective subscription amount.

4. Lottery (T 3 day): Announce the winning rate, and organize the lottery according to the total number of numbers and the winning rate, and announce the winning results on the next day.

5. Funds unfrozen (T 4th): The subscription funds that have not won the lottery will be unfrozen.

2. What are the techniques for subscribing for new shares?

Try to avoid popular stocks. If multiple new shares are issued at the same time, priority can be given to the more popular new shares.

Preference is given to the later issuance of shares, and the first issuance of shares is avoided. Everyone will generally spend the money on the new shares in the first few days, and in the next few days, a lot of funds have been used up, at this time, the new shares in the next few days will increase the winning rate.

Concentrate funds to hit ** stocks. **The winning rate of new shares is significantly higher than that of small-cap stocks; If multiple new shares are issued at the same time, select one cross position to attack to increase the winning rate.

Pay attention to the order period. According to historical experience, the probability of winning an order is small when the market is just opening or when it is about to **, while the winning rate of orders placed between 10:00 a.m. and 11:15 a.m. and 1:30 p.m. and 2:30 p.m. is higher.

The amount of funds is large and the guarantee is high. When the subscription funds reach a certain amount, the winning rate will be guaranteed, so you can gather relatives and friends to play new shares together when you make an appointment in advance about the distribution of income.

Calculation of the subscription quota for new shares: 20 trading days before T-2 (T day is the online subscription date determined by the issuance announcement), if the average daily market value is more than 10,000 yuan, every 10,000 market value corresponds to the subscription quota of 1,000 shares; If the investor has more than one account, their market capitalization will be combined. If the investor has a market value of 200,000 and holds it for one day, the subscription amount of new shares is:

200,000 yuan 20 days = 10,000 yuan (you can subscribe for 1,000 shares, only one number).

The subscription of new shares is to obtain the first primary market, the secondary market between the risk of very low differential income, do not participate in the secondary market speculation, not only the principal is very safe, the income is also relatively stable, is an ideal investment choice for stable investors.

To put it simply, if the market value of the account holds** exceeds 10,000 yuan, you can participate in the subscription of new shares. For every 10,000 yuan of market value in the Shanghai Stock Exchange, one subscription unit can be subscribed, and the part less than 10,000 yuan will not be included in the subscription quota of new shares. **For every 5,000 yuan market value, you can subscribe for one subscription unit, and the part less than 5,000 yuan will not be included in the subscription quota of new shares.

Generally speaking, investors can view the subscription quota of new shares through ** software, the top subscription quota of each new stock, and the market value information that needs to be allocated, which can also be seen in the new stock subscription column. If the client does not have enough market capitalization, the IPO subscription quota will be displayed as zero.

The quota of 1000 means that you can subscribe for 1000 shares.

The Shanghai and Shenzhen trading markets are calculated separately, and the Shanghai trading market can subscribe for 1,000 shares for every 10,000 yuan of market value, and the part less than 10,000 yuan is not included in the subscription quota, and the Shenzhen ** market can subscribe for 500 shares for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription quota.

The amount of new shares is the average daily amount of A shares held in the 20 trading days before T-2, for example, there is only a market value of 200,000 yuan in the first 20 trading days, and the other time is zero, then the average daily holding of A shares in the 20 trading days is 10,000 yuan, then you can buy 1,000 shares in Shanghai ** trading market ** and 500 shares ** in Shenzhen ** trading market.

The SSE stipulates that the online subscription quota of investors is determined based on the market value of their holdings. The market value held by investors is calculated based on the average daily market value of the 20 trading days (including T-2 days) before the T-2 day (T day is the online subscription date determined by the issuance announcement). For every 10,000 yuan of market value, you can subscribe for one subscription unit, and the part less than 10,000 yuan is not included in the subscription quota.

Each subscription unit is 1,000 shares, and the number of subscriptions shall be 1,000 shares or its integer multiples, but the maximum shall not exceed one-thousandth of the initial number of shares issued online, and shall not exceed 10,000 shares.

The Shenzhen Stock Exchange stipulates that for every 5,000 yuan of market value, one subscription unit can be subscribed, and the part less than 5,000 yuan will not be included in the subscription quota. Each subscription unit is 500 shares, and the subscription quantity shall be 500 shares or its whole multiples, but the maximum shall not exceed 1/1000 of the initial number of shares issued online, and shall not exceed 999,999,500 shares. According to the implementation measures, both online and offline, the market value held by investors is calculated on the basis of investors, and according to the average daily market value of their holdings in the 20 trading days (including T-2 days) before T-2 day (T day is the online subscription date determined by the issuance announcement).