Why should warrants be called warrants and not merged into A shares?

It is a financial derivative, which is often derived from the underlying stock.

The fundamental difference is that the time is long-term, and the warrant has a certain duration.

CWB1 is a warrant, CTP1 is a put warrant, CTB1 is a call warrant, and the warrant transaction is very similar to **, and it is the same as ** in terms of trading time, trading mechanism (bidding method), etc. The difference is:

1. The minimum unit of the application and the trading method: Different from the minimum unit of change, the minimum unit of change of warrants is RMB. This is because the ** of the warrant may be very low, for example, in the case of out-of-the-money warrants, the ** of the warrant may only be a few cents, at this time, if its ** minimum change unit is yuan, it will be too large, because even if the smallest ** unit change, from the point of view of the change range, it may form a large fluctuation of **.

T+0, a warrant bought on the same day, can be sold on the same day. The issuer of the warrant shall not buy or sell the warrants issued by itself, and the issuer of the subject ** shall not buy or sell the warrants corresponding to the subject **. The number of declarations for a single warrant purchase and sale shall not be exceeded.

10,000 copies, the number of warrants ** declared is.

Serving in integer multiples.

2. Limit on the rise and fall of warrants: At present, the rise and fall of ** is limited by 10%, and the rise and fall of warrants is limited by the rise and fall of ** rather than a percentage. This is because the ** of the warrant is mainly determined by the ** of its subject **, and the ** of the warrant often only accounts for a small proportion of the subject **, and the change of the subject **** may cause a large proportion of the change of the warrant**, so that any pre-specified limit on the proportion of the rise and fall is not very suitable.

For example, the ** price of the T-day warrant is 1 yuan, and the ** price of the underlying ** is 10 yuan.

On T+1 day, the price limit of the underlying ** is 11 yuan. Other factors are inconvenient, and the warrant should be **1 yuan, an increase of 100%. According to the formula in the "Measures", the limit of the warrant is **.

1 (11-10) 125% yuan, that is, when the underlying ** is up and down, the warrant has not yet been up and down.

You will operate. **No.

The difference between warrants and **.

Is. **Bought it today.

I will be able to sell it tomorrow.

And the warrants are bought today.

Sell it today. I want to make sure that I don't lose money.

Speculation on warrants requires an understanding of the turnover rate of the day. The volume of the day.

I speculate warrants. Only fry the trend. Do not fry the bands. Take the warrant and fry it. I have been trading warrants for more than 2 years.

We can talk to each other a little more.

With the end of the trading of ** Sichuan Changhong warrants (Changhong CWB1, 580027) on August 11, 2011, China A** market temporarily bid farewell to the warrant era.

Sichuan Changhong announced that as of the close of the market on August 18, a total of 100 million "Changhong CWB1" warrants were successfully exercised, which means that Sichuan Changhong successfully raised 100 million yuan.

On July 31, 2009, Sichuan Changhong issued 3 billion yuan of convertible bonds for separate transactions, accompanied by 100 million "Changhong CWB1" warrants, and was officially listed and traded on August 19 of that year. Since June 2, 2011, Sichuan Changhong has continuously issued warrant exercise reminder announcements, saying that the exercise period of "Changhong CWB1" warrants is five trading days between August 12, 2011 and August 18, 2011, and the exercise ** is yuan shares, and the exercise ratio is.

As of the close of the market on August 18, a total of 100 million "Changhong CWB1" warrants have been successfully exercised, and the exercise rate is as high as 10,000 "Changhong CWB1" warrants that have not been exercised. After the exercise of the "Changhong CWB1" warrant, all the new shares of the holder have been registered in the Shanghai branch of China ** Depository and Clearing Co., Ltd.

Hello, warrants and ** differ in terms of trading methods, trading fees, price limits, tradable periods.

Hello, the difference between ** and warrants is as follows:

in terms of trading methods; **Implement the principle of T+1 trading; Warrants are traded on a T+0 basis.

Transaction costs: **Transaction fees include stamp duty, commission, transfer fee, etc.; Warrant trading fees are commission-only.

In terms of price limits: ** Implement a 10% price limit; Warrants are calculated based on the price of the warrant.

Tradable Period: **Indefinitely, unless delisted due to failure to meet listing conditions; Warrants can only be traded for a period of time and generally not more than two years, subject to the relevant terms of the warrant.