What are the new rules for new listings? What is the limit?

According to the regulations of the Shanghai Stock Exchange, when the call auction on the first day of listing of new shares is declared, the **** shall not be less than 80% of the issue **, and the **** shall not be higher than 120% of the issue price. In the case of continuous bidding, the effective range of the declaration shall not be less than 64% of the issuance, and the maximum shall not be higher than 144% of the issuance. However, the limit on the rise and fall of new stocks on the first day of the STAR Market and the Main Board will be different, and there is no limit on the rise and fall of the STAR Market on the first day.

According to Article 16 of Chapter III of the Special Provisions on the Trading of the Science and Technology Innovation Board of the Shanghai ** Exchange, there is no limit on the rise and fall of the ** initial public offering or additional listing of the Science and Technology Innovation Board in the first 5 trading days after listing. After 5 trading days, the auction transaction will be subject to a ** price limit, and the price increase and fall ratio will be 20%.

2. **Investment fluctuates with market changes, and it is possible to rise or fall. Entering the market is risky, and investment needs to be cautious.

There are many friends who are also particularly concerned about investment, and also hope to get higher returns, and when investing, many people will choose to invest, and because of this, many friends also have some questions, so what are the rules for the rise and fall of the new stock listing? I believe that many friends are also full of curiosity about this question.

Among the new listings, the range of the first day is relatively high, which can reach 44%, and the subsequent trading days, the maximum range per day is 10%, and the science and technology innovation board has some different provisions in the first 5 trading days of the listing without the limit of the price limit, until the second trading day The limit of the rise and fall reaches 20%.

Because of this, there are a lot of **on the first day after the trading day**The amplitude is relatively large, but it does not mean that all **investments are like this, and there are many**After investing, there was a trend of breaking on the first day, so in the face of such a situation, it also makes many people feel a little surprised, in fact, this situation has a lot to do with the overall **market**, and **The expectation.

On the first day of listing of new shares, the effective range of the call auction shall not exceed 80% of the issuance, and the effective range of the continuous auction shall not exceed 20%, and shall not be less than 64% of the issue price, and shall not be higher than 144% of the issue price.

Through the above understanding, for many friends who like to invest, it can play a great role in helping, and it can also allow everyone to better do a good job in the strategy when investing, but we must be cautious when investing, after all, this thing is also risky, if the risk is not taken into account, then it is irresponsible for our funds.

The effective range for the declaration of the first day of the new stock listing call auction is: the lower shall not be less than 80% of the issuance**, and the upper shall not be higher than 120% of the issue price; The effective range of declaration in continuous auction is: the lower shall not be less than 64% of the issuance, and the upper shall not be higher than 144% of the issuance.

This is the specific content of the limit on the price increase and decrease of new shares on the first day of listing. At the same time, other provisions were also made: when the first rise and fall of the intraday ** reached 10%, there was a temporary suspension of trading for 30 minutes, and when the first rise and fall reached 20%, the suspension day was 2:55 p.m.

On the first day of listing of new shares, when there is a certain level, or when the turnover rate reaches a certain amount, there is a mechanism to stop appreciation. According to the regulations of the Shanghai Stock Exchange, the effective ** range declared by call auction on the first day of listing of the initial public offering is not less than 80% of the issue price and not higher than 120% of the issue price; The effective range of continuous auction declaration is 64% lower than the issue price and 144% higher than the issue price.

There is a specified range, not less than 80% of the issuance of **, and also not higher than 120%, must be carried out in accordance with this provision, which is clearly stipulated.

The stipulation is that the transaction price can only be used in the afternoon as a price, and a centralized transaction should be carried out at one time, and when the increase reaches 10%, trading must be suspended for 30 minutes, and the declaration of ** can not be less than 80% of the issuance

For new listings, the rules for limiting the price and fall are different, which mainly depends on which sector the new stock is, as follows:

1. Main board: the highest drop in the stock price is 44% of the issue price, when the first rise and fall of the intraday ** reaches 10%, there is a temporary suspension of 30 minutes, and when the first rise and fall reaches 20%, the Shanghai stock market is suspended at 2:55 p.m. on the day of the suspension, and the first suspension is 2:57 p.m. on the same day; The change from the second trading day is 10%;

2. ChiNext and Science and Technology Innovation Board: There is no limit on the rise and fall of new shares in the first 5 trading days after listing. In the first 5 trading days, the first ** or ** reaches or exceeds 30% and 60%, each of which is suspended for 10 minutes, and the rise and fall after 5 trading days is 20%;

3. Select layer: There is no limit on the rise and fall on the first day of listing, but if the intraday stock price reaches 30% and 60%, trading will be suspended for 10 points;

The rules for the rise and fall of new shares are as follows:

1) The Shanghai Stock Exchange stipulates that in the call auction stage on the first day of listing, the valid application shall not be higher than 120% of the issuance and shall not be less than 80% of the issuance; In the continuous bidding stage, the valid application shall not be higher than 144% of the issuance ** and shall not be less than 64% of the issuance **.

Among them, 14:55 15:00 valid application ** shall not be higher than 120% of the opening price of the day and shall not be less than 80% of the opening price of the day.

According to this regulation, the 144% increase on the first day of listing of new shares on the Shanghai Stock Exchange is already the "ceiling" of the stock price.

At the same time, the Shanghai Stock Exchange also stipulates that intraday trading** will be suspended for 30 minutes if it is more than 10% (inclusive) of the opening price for the first time** or **; **or**20% (inclusive) will be suspended until 14:55 on the same day.

2) The Shenzhen Stock Exchange has also set the effective bidding range of the opening call auction on the first day of listing of new shares at 20% above and below the issue price. Different from the Shanghai Stock Exchange, the price on the first day of listing has been changed from the previous "call auction" to "call pricing", that is, the latest transaction price before 14:57 is used as the pricing, and the purchase and sale declaration is matched at one time in accordance with the principle of "time priority".

Intraday trading** will be suspended for 30 minutes if it is more than 10% (inclusive) of the opening price for the first time**or **; **or**20% or more (inclusive) will continue the suspension time until 14:57 on the same day.

Extended information: 1. The limits on the rise and fall of new shares on the first day of listing are:

1. The upper limit of the call auction on the first day of listing of the main board and the small and medium-sized board is 20%, and the upper limit is 20% after the opening, so the maximum increase on the first day of listing is limited to 44% of the issue price.

2. There is no limit on the increase within 5 days of listing on the Growth Enterprise Market and the Science and Technology Innovation Board, and the limit on the rise and fall after the 5th is 20%, and the risk of the Growth Enterprise Market and the SME Board is higher than that of the Main Board and the SME Board, so there are requirements for customers' funds when they are opened.

3. For the selected layer, there is no limit on the rise and fall on the first day of listing, and a temporary suspension system is set, and the limit ratio is 30% after that.

2. Under what circumstances is there no limit on the rise and fall?

1. The first day of listing of new shares. However, when the ** rises and falls to a certain range or the turnover rate reaches a certain amount, there will be a suspension mechanism.

2. The first day of resumption of trading of G shares. G share index equity division reform pilot**.

3. The first day of the resumption of trading of ST shares that have been suspended.

Therefore, the majority of shareholders or friends should remain rational, to know the call auction schedule well, some business department seats and institutional seats can always buy a large number of new shares on the first day of the new stock listing, and small and medium-sized investors can not buy a single share even at 12 o'clock in the evening. The reason for this is that there is a fast runway. Some business department seats and institutional seats can always buy a large number of new shares on the first day of listing, while small and medium-sized investors can't buy a single share even if they get up at 12 o'clock in the evening.

The reason for this is that there is a fast runway.

Dear, hello, in the vast sea of people, it is an honor to answer your questions, I am Wenqutang Financial Research, please wait, I am looking at your questions, I will reply to you immediately, please wait a while Thank you!

Dear, hello, the first day of listing of new shares is regulated: 1. There is no limit on the rise and fall of the first day of listing on the Growth Enterprise Market and the Science and Technology Innovation Board (5 trading days after listing); After that, the daily trading limit is 20%;

2. The limit on the rise and fall of the first day of listing on the main board of the Shenzhen Stock Exchange and the Shanghai Stock Exchange is 44%, and the limit of the rise and fall of the second transaction is 10%; Thank you.

3. There is no limit on the rise and fall on the first day of listing on the Beijing Stock Exchange; 30% from the next day; Thank you.

Dear, I wish you all the best in your investment! Good luck for the whole family! Please also give a 5-star thumbs up, thank you!

The rules for the rise and fall of new shares refer to the rules that limit the rise and fall of the trading of new shares after they are listed. Different market sectors have different rules for rising and falling, as follows: for new listings on the main board of Shanghai and Shenzhen, the increase limit is 44% on the first day of listing, the decline is limited to 36%, and after the first day, the rise and fall is limited to 10%123.

For new listings on the STAR Market and ChiNext Board, there is no limit on the rise and fall of the first five trading days, and after five trading days, the limit is 20%123. The purpose of the rules for the rise and fall of new shares is to protect the interests of investors and prevent excessive volatility and manipulation of new stocks.

The rules for the rise and fall of new shares are determined according to the ** where ** is located, specifically:

1. The highest decline in the main board stock price is 44% of the issue price, and when the first rise and fall reaches 10%, there is a temporary suspension for 30 minutes, and when the first rise and fall reaches 20%, the Shanghai market is suspended at 2:55 p.m. on the day of the suspension, and the suspension is until 2:57 p.m. on the same day, and the rise and fall on the second trading day is 10%.

2. There is no limit on the rise and fall of new shares on the ChiNext and STAR Market in the first 5 trading days after listing. In the first 5 trading days, the first ** or ** reaches or exceeds 30% and 60%, each of which is suspended for 10 minutes, and the rise and fall after 5 trading days is 20%;

3. There is no limit on the rise and fall of the selected layer on the first day of listing, but if the intraday stock price reaches 30% and 60%, trading will be suspended for ten minutes.

In the following cases, ** is not subject to the limit of rise and fall on the first day:

1. Share reform** completed the share reform and resumed trading on the first day.

2. On the day of the listing of additional issuance**.

3. After the share reform, if the expected indicators are not reached, the ** will be sent on the day of listing.

4. Some major asset restructuring** such as the resumption of trading such as mergers.

5. Delisting** resumption of listing date.

Rules for the rise and fall of new stock listings:1. Shanghai and Shenzhen main boards**.

On the first day of listing, the highest increase did not exceed 44%, and the maximum decline did not exceed 36%, and on the first day of listing of new shares, the Shenzhen Stock Exchange set up a temporary suspension of trading, that is, when the stock price was higher than the opening price ** to 10%, trading was suspended for 30 minutes; The highest increase in the resumption is 44%, while the Shanghai Stock Exchange can open to 44%. From the second trading day, the main board** is limited to 10%, and if ** is ST later, then the rise and fall is limited to 5%.

2. Science and Technology Innovation Board and Growth Enterprise Market**.

There is no limit on the price increase and decrease for the first 5 trading days of listing, and a 20% price limit will be implemented from the 6th trading day. Although there is no limit on the rise and fall, there is a temporary stop, that is, the intraday stock price is temporarily suspended for 10 minutes compared with the opening price for the first time ** and ** reaches 30%, and when the stock price is higher than the opening price ** to 60% after the suspension, the trading will be suspended for 10 minutes again, and the rise and fall after the resumption of trading will not be limited.

3. Beijing Stock Exchange**.

On the first day of listing, there is no limit on the rise and fall, and a temporary suspension mechanism is implemented, that is, when the intraday trading ** reaches or exceeds % of the opening price for the first time** or **, intraday trading will be temporarily suspended for 10 minutes, and a call auction will be conducted when trading resumes. From the second trading day, a 30%** limit will be applied.

No. When it comes to playing new stocks, many people must have thought of Dongpeng Special Drink some time ago, and as soon as it was listed, there were more than 10 daily limits in a row, so it was calculated that there were 220,000 in one sign, which is simply the new darling of the New Territories. The way to make money by playing new stocks seems to be very profitable, do you know how to play?

How can the winning rate be improved? Then I will explain to you about the new stocks.

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3. What will happen to the IPO?

If there are no accidents during this period, the new shares will be listed within 8 14 calendar days from the subscription date.

For ChiNext and STAR Market, if there is no limit on the rise and fall of the first 5 days of listing, the limit will be 20% from the 6th trading day. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. The issue price is assumed to be 10 yuan shares, then the highest price of the day can only be to the yuan shares, the lowest must be above the yuan shares, according to my years of tracking research, often the first day of the main board new shares listed on the first day of the limit, the number of later boards is higher than 5, about when the new shares are sold, that has to be based on the actual situation and the market to make a comprehensive judgment. If there is a breakage on the day of the listing of the new shares, it will be accompanied by continuous **, and it will be thrown out on the day of listing to reduce losses.

Since there is no restriction on the rise and fall of new shares on the Science and Technology Innovation Board and the Growth Enterprise Market, to prevent the occurrence of stock prices, in case a small partner wins the lottery, these small partners can sell directly on the first day of listing. Also, if it is a continuous board **, when it comes to opening the board, the senior sister hopes that everyone can resell it immediately, and it is best to settle in the bag.

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