Classification of unrestricted shares, unrestricted stocks unbanned

Small, i.e., small portions. No, that is, restricted. Small non, that is, a small part of the ** that is prohibited from being listed and circulated.

On the contrary, it is called Da Fei. Lifting the ban, that is, lifting the ban. The lifting of the ban is the lifting of the ban on partial sales ** and allows listing and circulation.

At the time of the initial equity division reform, the date of listing and circulation of some listed companies was restricted. In other words, there are many companies that cannot be listed for the time being. These are non-tradable shares, also known as restricted shares.

It is also called restricted A shares. A small part of them is called Xiaofei.

Dafei: that is, after the share reform, the non-tradable shares that account for a large proportion before the share reform. Restricted tradable shares accounting for more than 5% of the total share capital can be tradable after more than two years of share reform.

Small non-tradable shares: that is, after the share reform, the proportion of non-tradable shares before the share reform is small. The proportion of restricted tradable shares in the total share capital is less than 5%, and they can only be circulated one year after the share reform.

There is no clear determination of the proportion of shares and the time limit for sale, but it is a popular statement in the industry. The listing and circulation of restricted shares will mean that people with a large number of shares may have to sell**, the power of the short side increases, and the original holdings may depreciate, so be careful at this time. The largest "market maker" is neither public or private, but large and small shareholders who obtain non-tradable shares at low cost, which is the so-called "big non" and "small non".

Among them, the most influential in the market are the controlling major shareholders - they know the most about the operating conditions of their own enterprises, but the shares of major shareholders and other corporate shareholders cannot be circulated before the share reform, so they are neither concerned about the company's stock price, nor have the incentive to run a listed company well.

However, after last year's share reform, more and more "big non" and "small non" have been or will soon be lifted from circulation, and these major shareholders are still **company**, which can reflect whether the company has investment value to a considerable extent. Shareholders of the original non-tradable shares holding less than 5% of the total number of shares of the listed company can cash out without the restrictions of the announcement, and the majority of investors have no way of knowing the specific situation. Therefore, listed companies with a low proportion of restricted shares, scattered shareholders, and a large number of "small non-profits" that have no right to speak are worthy of vigilance.

Flash Bull Analysis: There are five main types of lifting the ban:

1. The ban on the initial offering of original shares will be lifted.

2. The ban on placing shares of private placement institutions will be lifted.

3. Additional commitment to the lifting of restricted shares.

4. The ban on restricted shares of equity incentive is lifted.

5. The ban on employees and executives increasing their holdings will be lifted.

I don't want to say more than once. 80

The ** that has been lifted is divided into large and small non-restricted shares! The size is not generated by the share reform, and the restricted shares are the additional shares issued by the company. These ** are in the hands of the people who have previously purchased these**.

The lifting of the ban is only a time window, which means that the day of the lifting of the ban begins, and the ** of the lifting of the ban can be traded! @并不是说一定要全部当日抛售, I can continue to hold it, or I can choose to sell, and when to sell is up to the holder. The cost of the size of the non-ban is basically 1 yuan, and the cost of the release of restricted shares is its additional issuance** It does not refer to non-tradable shares, due to the share reform, the non-tradable shares can be tradable, that is, the ban is lifted.

Non-tradable shares holding less than 5% of the shares are called small non-profits, and more than 5% are called large non-tradable shares. After the non-tradable shares can be circulated, they will be thrown out for cash, which is called **. This is equivalent to a significant increase in the supply of the market, changing the supply and demand of the market, if the size is not taken after the lifting of the ban, it will promote the stock price downward.

When it comes to lifting the ban, the market is bearish, and the stock price is the first thing most people think of. Let me talk to you

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1. What is the unrestricted stock?

Let's first figure out the meaning of lifting the ban? To put it bluntly, this is the lifting of the ** circulation ban, which indicates that the restricted shares that could not be traded in the secondary market can be traded during the restricted period.

What is the reason for the emergence of restricted shares? To put it simply, it is the company before or after the listing for the rapid financing of funds and low price, this kind of ** because of the low cost of acquisition, basically change hands can make a profit, if 80%** of the income is intended to be sold for cash, it is very likely to cause the stock price**, but this pot will be thrown to a lot of shareholders. The reason for this is that in order to protect the rights and interests of investors, the China Securities Regulatory Commission has limited the time for the sale of this type of **.

Restricted shares are often divided into large and small non-shares according to the proportion of shareholding, small non-restricted shares refer to restricted tradable shares accounting for 5% of the total share capital, and large non-restricted shares refer to restricted tradable shares accounting for 5% of the total share capital. In this 1 year, large and small non-** cannot be listed or transferred, while small non-shares can be listed and traded in the second year, but it takes three years for large non-stocks to be completely lifted.

What I have gotten is that there are far more than 2,000 ** to be lifted this year, and 280 billion shares will be lifted soon, which means that a large number of ** will flow to the market, causing stock prices to fluctuate.

Investors like us must know which ones will be lifted and when they will be lifted at the first time, lest we become a pick-up man. Here I want to share with you a ** ticket artifact, this investment calendar is like an alarm clock to remind you which **lifting, listing, dividends, etc., every **people** will definitely bring it, click to receive: exclusive Shanghai and Shenzhen stock market investment calendar, grasp the latest first-hand information.

2. Will the stock price fall after the ban is lifted?

Not necessarily! This mistake can be said to mislead most investors.

Normally, after the lifting of the ban, it is often a downward trend, because some selling orders are strengthened to suppress the stock price, but sometimes the size is not after the lifting of the ban, the stock price will be **. For example, one year, when the unrestricted shares of chlor-alkali chemical ** were listed, the stock price was not disconnected from that day.

Therefore, whether the lifting of the ban has an impact on the stock price, the key question is whether the company you put in my hand is good, and if the high-quality company is lifted, shareholders are unwilling to sell.

The vast majority of people do not judge whether a company is a good company, or the analysis is not comprehensive, so it is easy to lead to a loss due to not seeing thoroughly.

According to the regulations of the China Securities Regulatory Commission, the original non-tradable shares of the company after the share reform shall comply with the following provisions: (1) from the date of implementation of the reform plan, shall not be listed for trading or transfer within 12 months; (2) Shareholders of the original non-tradable shares holding more than 5% of the total number of shares of the listed company shall, after the expiration of the period specified in the preceding paragraph, be listed and traded on the **exchange** of the original non-tradable shares, and the proportion of the number of shares of the company shall not exceed 5% within 12 months and 10% within 24 months. Non-tradable shares after obtaining the right to circulate are called restricted shares because they are limited by the above circulation period and circulation ratio.

Lifting the ban** means that the restricted shares can be freely traded in the secondary market after the restricted commitment period**.

The lifting of the ban is only a time window, which means that the day of the lifting of the ban begins, and the ** of the lifting of the ban can be traded! It does not mean that you have to sell all of them on the same day, you can continue to hold it, or you can choose to sell, and it is up to the holder to decide when to sell.

Non-tradable shares holding less than 5% of the shares are called small non-profits, and more than 5% are called large non-tradable shares. After the non-tradable shares can be circulated, they will be sold out for cash, which is called **.

Unrestricted shares: tradable after the lock-up period**.

Explanation of the lifting of the ban: From the perspective of protecting general investors, some special shareholders are required not to sell their holdings for a certain period of time, which is called the lock-up period. At the end of the lock-up period, it is called unblocking.

Hello, the lifting of the ban is divided into large and small non-restricted shares. The size is not the occurrence of the share reform, and the restricted shares are the additional shares issued by the company. These are in the hands of the people who have bought them.

The lifting of the ban is only a time window, which means that at the beginning of the day of the lifting of the ban, the ** of the lifting of the ban can be bought and sold. It doesn't mean that I have to sell it all on the same day, I can continue to hold it, and I can choose to sell it, and when to sell it is up to the holder to decide.

The capital of the non-lifting of the ban is 1 yuan at all, and the capital of the lifting of the restricted shares is its additional issuance**.

It does not refer to non-tradable shares, which can be circulated due to the share reform, that is, the ban will be lifted.

Non-circulating shares holding less than 5% of the shares are called small non-profits, and those holding more than 5% of the shares are called large non-profits.

After the non-tradable shares can be circulated, they will be thrown out for cash, which is called **.

This is equivalent to greatly increasing the supply of **shopping malls**, changing the supply and demand relationship**, if the size is not adopted after the lifting of the ban, it will promote the decline of stock prices.

What is the size of the non-unbanned.

Small, i.e., small portions. No, that is, restricted. Small non, that is, a small part of the ** that prohibits the circulation of listing, accounts for less than 5% of the total share capital.

On the contrary, it is called Dafei, that is, large-scale restricted tradable shares, accounting for more than 5% of the total share capital. Lifting the ban, that is, exempting from the ban, has obtained the right to list and circulate the wrong circulation**. The small non-lifting of the ban is to exempt some of the restrictions on sales, and promise to be listed and circulated.

At the time of the initial equity division change, the date of the partial listing circulation of some listed companies was restricted. That is to say, there are many companies that cannot be listed for the time being. This is the wrong circulating shares, also known as restricted shares.

It is also called restricted A shares. A small part of it is called Xiaofei.

Risk Disclosure: This information does not constitute any investment advice, and investors should not use such information to replace their independent judgment or make decisions based solely on such information, does not constitute any buying and selling operations, and does not guarantee any returns. If you are doing it yourself, please pay attention to ** control and risk control.

For well-informed old stockholders, they all know the term "lifting the ban". But for investors who have only recently entered the market, it is relatively unfamiliar. Therefore, the senior sister will give you the popular science "** lift", I believe that investors who don't understand, will understand after reading it patiently!

3) Can I buy and sell immediately on the day of lifting?

After the ban is lifted, it does not mean that the ** of the lifting part of the ban can be popular on the market on the same day, and it will be investigated for a period of time, and the difference in ** determines the difference in the specific time.

2. Changes in stock prices before and after the lifting of the ban.

1. Shareholder profit-taking: Generally speaking, the lifting of the restriction is actually more tradable shares into the market, if the restricted shareholders can get huge profits, this means that the motivation to make profits will also increase, so that the sell-off in the secondary market will also increase, and it is natural that the company's stock price will constitute a bearish.

2. Flee in advance: Because of the fear that shareholders will sell, there will be small and medium-sized investors who may flee before the lifting of the ban, resulting in an early stock price.

3. The proportion of unrestricted shares is large: In addition, the market value of the unrestricted shares affects the proportion of the unrestricted share capital to the total share capital.

3. Is the lifting of the ban good or bad? Is it possible to buy it?

The essence of lifting the ban is to increase the supply of transactions in the secondary market, which should be analyzed according to different situations. For example, there are a lot of small shareholders who have lifted the ban on shares, and after the ban is lifted, they may sell the ** in their hands, and even the stock price will fall; On the contrary, if most of the shares held by the lifting of the ban are institutional or state-owned shareholders, in order not to reduce the proportion of shareholdings, they cannot throw them out at will, which has the effect of preventing stock price fluctuations.

In short, whether the lifting of the ban on the stock price is good or bearish, we can't judge at will, because many situations have made its trend change, and we must combine many technical indicators for in-depth analysis. If you really can't judge, you can directly enter this stock diagnosis platform, enter the **** or name you like, and get the latest situation: [Free] Test your ** current valuation position?

When listing, some of them are held by the original shareholders or employees, because these must be held for a certain period of time and cannot be traded during this time, so when the deadline is up, it can be traded, and it is called lifting the ban.

For well-informed old stockholders, they are familiar with the term "**lifting". However, for those investors who have just entered the market, it is not very clear. Let's analyze the "** lifting of the ban" together, I believe that investors who have not heard of it, you will know after patiently reading it!

3) Can I buy and sell immediately on the day of lifting?

After the ban is lifted, it does not mean that the ** part of the ban can be circulated in the market on the same day, and it will be investigated for a period of time.

2. Changes in stock prices before and after the lifting of the ban.

1. Shareholder profit-taking: Generally speaking, the restriction on the lifting of the ban means that more tradable shares enter the market, if the restricted shareholders can get rich profits, so that the momentum of profit will also become larger, and then the secondary market will increase the sell-off, so the company's stock price will constitute a bearish.

2. Flee in advance: Because of the fear that shareholders may sell, there is a high probability that many small and medium-sized investors will flee before the lifting of the ban arrives, and the stock price will naturally be in advance, 3. The proportion of unrestricted shares is large: In addition, the market value of the lifting of the ban affects the proportion of the unrestricted share capital to the total share capital, the larger the former, the greater the latter, then the negative of the stock price will become greater, and the third is the lifting of the ban good or bad? Is it possible to buy it?

The core of lifting the ban is to increase the supply of transactions in the secondary market, and a specific analysis should be carried out for specific problems. For example, most of the unrestricted shares are small shareholders, and after the ban is lifted, they may sell the ** in their hands, and even the stock price will fall; On the contrary, if most of the unrestricted shares are in the hands of institutions or state-owned shareholders, in order to maintain a high shareholding ratio, they cannot throw them out at will, which has a certain stabilizing effect on the stock price. In short, the lifting of the ban on the stock price is good or bad after all, we can't judge casually, because many factors will change its trend direction, we must combine many technical indicators for in-depth analysis.

If you really can't judge, you can directly enter this diagnostic platform, enter ** to get**diagnostic report: [Free] Test your **current valuation position?