When the new shares are issued and traded, and when the new shares are listed is the most appropriat

In order to effectively prevent the risk of trading on the first day of new stock listing, maintain market order and protect the legitimate rights and interests of investors, in accordance with the Opinions of the China Securities Regulatory Commission on Further Promoting the Reform of the New Share Issuance System and the relevant provisions of the Exchange's Trading Rules, and with the approval of the China Securities Regulatory Commission, the Exchange issued the Notice on June 13, 2014 to further improve the trading mechanism on the first day of new stock listing.

This time, there are three main adjustments to the trading mechanism on the first day of listing of new shares: first, the limit on the scope of effective application is not higher than 144% of the issue price and not less than 64% of the issue price is set up throughout the day, and the declaration beyond the scope of the effective application is invalid; The second is to cancel the intraday temporary suspension threshold where the intraday transaction price reaches or exceeds 20% above or below the opening price for the first time, and adjusts the temporary suspension time of 10% from the original 1 hour to 30 minutes; Third, when the intraday temporary suspension ends and the resumption of trading and the ** stage, the call pricing is adjusted to the call auction.

Judging from the provisions of the Company Law and the ** Law, the issuance of shares can be divided into several different types of issuance, such as establishment issuance, reorganization issuance and new share issuance.

New share issuance refers to the issuance of new shares for the purpose of increasing the company's capital or raising sufficient company capital after the company is established.

According to the provisions of the Company Law, the following conditions must be met for the issuance of new shares by a company:

1. The shares issued in the previous issue have been fully raised, and the interval is more than one year.

2. The company has been profitable in the current 3 years and can pay dividends to shareholders.

3. There is no false record in the company's financial and accounting documents in the current 3 years.

4. The company's expected profit margin can reach the bank deposit interest rate in the same period.

Between the issuance of new shares and the pre-listing period, the company will issue the "Initial Public Offering** Listing Announcement", on which the listing date will be announced.

Generally, the listing date will be one to two weeks after the subscription.

According to the convention, it usually takes about half a month, but this is to wait for the announcement of the listing, and the listing date will generally be announced in advance.

1. If it is a science and technology innovation board.

There is no limit on the rise and fall on the first day of listing, according to the a** field.

The hype, the vast majority of ** often reached the highest point of this ** on the first day, and then entered a long decline from the second day, and the time when the highest point of the stock price appeared was often around ten to ten and a half, therefore, this time period on the first day should be accurately grasped and sold at a high point as much as possible. If it is a SSE or a small or medium-sized board.

New stocks, due to the rise and fall limits, the vast majority of the first day is often not suitable for selling, depending on the size of the new stock plate, the large plate of bank stocks, brokerages and some other plates are relatively large, the winning rate is high, the opening of the second day and the next few days to always pay attention to the number of orders, if the orders are very few, to sell immediately.

2. Some new stocks with small plates and a very low winning rate can often have five or six or even more than ten consecutive daily limits.

It is also necessary to keep an eye on the market at all times when you feel that the increase is not small, and sell it immediately when there are not many orders. GEM.

The selling of new shares should be somewhat similar to that of the STAR Market, as the GEM has implemented a registration-based system.

If there is no limit to the price of the new stock, it should also be sold at the high of the first day. Moreover, there is no limit on the rise and fall of new shares on the GEM for the first five trading days, but there is a suspension mechanism, and if the intraday trading reaches 30% or 60%, trading will be suspended for 10 minutes each. The special feature of GEM IPOs is that they can be used as margin financing on the first trading day after listing.

Target. Extended Materials.

Subscription rules: Each subscription unit in the Shanghai market is 1,000 shares, and the number of subscriptions shall not be less than 1,000 shares, and more than 1,000 shares must be an integer multiple of 1,000 shares, but the maximum shall not exceed 1/1000 of the number of public shares issued online or 10,000 shares. The subscription unit in the Shenzhen market is 500 shares, and each ** account subscription entrustment shall not be less than 500 shares, and more than 500 shares must be an integer multiple of 500 shares, but shall not exceed one-thousandth of the number of shares issued at the online price, and shall not exceed 999,999,500 shares.

In addition to the ** account stipulated by the regulations, each ** account can only be subscribed once, and repeated subscriptions and false funds will be regarded as invalid subscriptions. Except for the first subscription, which is a valid subscription, the rest of the subscriptions are made by the ** exchange.

The trading system automatically rejects. Before the subscription entrustment, the investor should deposit the full amount of the subscription money into the fund account designated by the ** business department connected to the exchange. During the online subscription period, the investor fills in the order by issuing ** in the way of entrustment.

Once declared, the order shall not be cancelled. The subscription number is allocated according to the actual effective subscription, and each valid subscription unit is assigned a number, and all valid subscription units are continuously allocated in chronological order.

After the new stock is listed, it can be sold, and if you are afraid, you can sell it on the day of the opening.

1.If you want to make a little more, you can shrink after opening the board.

Closed down and closed up, and the second upward attack put a huge amount of selling. The time for the sale of new shares must be comprehensively analyzed by the actual situation and the market. If there is a breakdown on the day of the listing of the new shares, it is accompanied by continuous **, and selling it on the day of listing can reduce losses.

2.**You can sell on the first day of listing, but now there is a limit of 44% on the first day of listing of new shares, and you can basically limit the limit on the first day, and the next few trading days will generally continue to rise and fall.

Extended information: 1. The sale of new shares mainly depends on these points:

Look at the turnover rate. After the opening of the new stock, the turnover rate should reach more than 50% before leaving. Although this is often not sold at the highest point, the impulse can prevent the situation of continuing to close back the limit after the trigger.

Call Auction. When the order is sealed, the more orders are sealed, the more reliable the limit will be, but it can only be a simple reference, and it cannot be completely based on this.

How much can be speculated, you must have a bottom in your heart, which is the basis of your follow-up analysis. Generally speaking, major institutions will give **** when issuing new shares.

Two**. 1.**is a kind of valuable**, is a joint-stock company to raise capital issued to the investor of the share certificate, on behalf of its holder (that is, shareholders) ownership of the joint-stock company, the purchase of ** is also a part of the purchase of the company's business, can grow and develop together with the enterprise.

2.This ownership is a combined right, such as participation in a general meeting of shareholders.

voting, participating in the company's major decisions, collecting dividends or sharing the dividend difference, etc., but also share the risks caused by the company's operational errors. Obtaining recurring income is one of the important reasons for investors to buy**, and dividends are the main part of investors' recurring income**.

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