How to subscribe for the IPO fund? What is a new fund and how does it work?

There are ** on all major portals, and it is recommended to go to those regular **** to subscribe.

Expand your knowledge: 1. Selection skills.

1. The proportion of the amount of funds that can participate in the new investment in the assets.

2. At the same time, pay attention to the performance management ability of the first class. On the one hand, most ** products will not be fully owned for new listings, so other positions** will also determine their good performance; On the other hand, there is a possibility of breaking after the listing of new shares, even if the difference in the trend between new shares is very large after the listing, whether you can choose a real high-quality new stock or test the investment and research ability of the first.

3. Pay attention to the announcement of new shares and pay attention to the winning lot**. Investors can refer to the announcement issued during the IPO period to select the varieties with a higher proportion of the allocated funds for investment, so as to share the benefits of the IPO to a greater extent.

2. Classification.

According to different criteria, **investment** can be divided into different categories:

1) According to whether the unit can be increased or redeemed, it can be divided into open-ended and closed-ended. Open-ended non-listed trading (it depends on the situation), through banks, brokers, and companies to subscribe and redeem, the scale is not fixed; Closed-end has a fixed duration and is generally listed and traded on the trading venue, and investors buy and sell units through the secondary market.

2) According to the different organizational forms, it can be divided into company type ** and contract type **. **Established by issuing **shares** to establish an investment company**, usually referred to as a corporate **; It is established by the manager, the custodian and the investor through a contract, which is usually called a contractual type. China's **investment** are all contractual**.

3) According to the different investment risks and returns, it can be divided into growth, income and balance**.

4) According to the different investment objects, it can be divided into four categories: currency, bonds, hybrid, and **.

There are all major portals, and it is recommended to go to which regular **** to subscribe, such as Tiantian**.com, CIC**, China Fortune Network, etc., among which the Anying new ** on the CIC ** is the income, and the winning rate of the new lottery is a leader in the industry.

1. What is a new one**

First of all, let's understand the concept of playing a new **.

Playing new is actually just a strategy to obtain income, and those who use this strategy can be divided into the broad category of "playing new".

That is to say, the new investment strategy is not specifically used to hit the new, but in the investment strategy, the participation in the new is increased.

Second, how to play new

There are three ways to launch IPOs: online IPOs, offline IPOs and strategic placements.

Online IPO: Online IPO is mainly carried out through lottery, and both individuals and institutions can participate, and the scale of institutional funds is large and more advantageous, so the winning rate of individuals will be very low.

The vast majority of ordinary investors subscribe for new shares through online IPOs, that is, they generally subscribe for IPOs through trading software.

Offline IPO: The capital threshold for offline IPO is relatively high, and at the same time, offline IPO is placed, and the proportion of investors who are allocated A, B, and C are placed from high to low.

Class A is the highest that is, public offerings, social security, pensions and other large institutional funds, they are preferentially placed, Class B includes private placement, trust, etc., to obtain the second placement, and individual investors belong to class C, which is also the least part.

However, there is a restriction, that is, after winning the lot, the holding time of the new shares is locked, and it cannot be sold as soon as it is listed.

In addition to the strategic placement, others** want to participate in the new market, you must have a bottom position, with the current offline placement rules, ** need to hold a bottom position of 70 million (Shanghai 60 million + **10 million).

At present, in addition to pure debt ** and commodities**, others** can participate in the new market.

Third, hit the new ** classification

According to the ****, we can divide the new ** into 2 categories:

The first category: "bottom position + bond + new" strategy, this kind of strategy **** only maintains the minimum requirements of the bottom position, in fact, it is equivalent to the "fixed income +" strategy, such as partial debt mixed **, secondary debt base.

There are more such ** bonds, and the fluctuation of income will be relatively stable.

The second type, the strategy of "bottom position + ** + new market", this kind of strategy **** is relatively high, and the risk fluctuation will be relatively large.

Of course, not all new companies can hit all the new shares, it depends on the ability of each company.

Fourth, what do you need to pay attention to to successfully play a new market?

First of all, it is necessary to have a relatively good and reliable historical performance, after all, the new income is only a part of the income, just a kind of enhancement;

Secondly, the scale should not be too large, generally 1-1 billion is more appropriate, of course, it should not be too small, otherwise it will not be able to meet the requirements of the bottom warehouse and will not be able to participate in the new market.

In general, in fact, the vast majority of ** can be new, if you mainly want to pass the **new, you can choose the main allocation of bonds**, which will be relatively pureer, and the risk is relatively small.

There are generally three ways to make new deals, namely online new listing, offline new listing, and strategic placement. Online new listings are mainly carried out through lottery drawing, in which individuals and institutions can participate, and the largest scale of institutions is large, so the winning rate will be relatively high, and the winning rate of individuals will be relatively low. The capital threshold for offline IPOs is relatively high, and offline IPOs are placed through placement, and the allocation ratio is A, B, and C investors from high to low.

In the case of strategic placement, it is only a targeted placement to strategic investors, who have the right to subscribe for new shares first, which can be said to be 100%.

**Not available as market value for IPO subscription. Holding the a** value of Shenzhen and Shanghai, that is, unrestricted ordinary shares, can be used as the market value of the new market. It does not include preferred shares, B shares, **, bonds or others**.

If you hold a China Merchants Bank savings card, please enter the homepage of China Merchants Bank, click on the right side of "Personal Banking Public Version", enter the card number, check the password and log in, and click on the horizontal menu "Investment Management" - "**" - "Buy**", you can see the **list of China Merchants Bank consignments, click "Buy" before you need to buy** and click "Buy" according to the prompts.

If you buy a new ** account, you can't subscribe for new shares!

You can play new bonds and short positions, but you can't play new stocks, there is no subscription quota if you don't have **, and those who are keen to play new stocks must be allocated in Shanghai and Shenzhen, and at the same time open the Growth Enterprise Market and the Science and Technology Innovation Board, in order to be eligible to subscribe for the corresponding new shares!

I have summarized some of the conditions for IPO. The following points are for reference

**The system automatically distributes the quota according to the market value of the position in the investor's account, and we can only subscribe after the quota is available, otherwise it is not possible.

2.Investors need to have a market value of more than 10,000 yuan in their ** position account before subscribing, which is the average daily ** market value.

3.If the above two conditions are met, there will be distribution, which is also one of the prerequisites. Our A** market includes the Shanghai Stock Exchange and the Shenzhen Stock Exchange, and the market value of their positions** is calculated separately.

Shanghai 9:30-11:30 1:

00-3：00；Shenzhen: 9:

00 Avoid the peak period, generally at 9:30 at the opening of the most people to subscribe, try to avoid, preferably after 10 o'clock, after 2:00 in the afternoon.

5.Occasionally, new shares are issued, and the subscription limit is 1 million shares, which requires an average market value of 1 million in 20 days. The last 3 numbers can be hit, and you have 100 consecutive numbers.

6.There is no need to pay cash on the day of subscription, and after the announcement of the winning lot the next day, there must be enough cash in the account on the third day to get the winning new shares. For example, if you subscribe for new shares of **15 yuan, you must have 10,000 yuan in cash in your account.

7.Based on the above conditions, if an investor wants to subscribe for new shares issued by the Shanghai Stock Exchange, the account must hold the ** market value of the Shanghai Stock Exchange; The reverse is the same for the Shenzhen Exchange!

This is actually not possible, the subscription of new shares requires a series of procedures, buying ** and subscribing for new shares are actually two things that have little to do with each other, and there is basically no connection.

Of course not, if you want to buy new shares, you still have to go to a **company with such qualifications, so that you can get what you want.

It is true that you can subscribe for new shares, and since you have bought a new shares, then you can subscribe for new shares and make ** investment.

The scale should be modest. If the scale of ** is too small, the bottom position fluctuates greatly at this time. That is, the guaranteed shares required to be purchased by the new shares appear larger**or**, and it is very likely to face a huge redemption, resulting in insufficient liquidity to accompany God.

According to the different organizational forms, it can be divided into company type ** and contract type **. **Established by issuing **shares** to establish an investment company**, usually referred to as a corporate **;

It is established by the manager, the custodian and the investor through a contract, which is usually called a contractual type. China's **investment** are all contractual**.

**Variability in scale. Closed-end ** has a clear duration (China's term is: not less than 5 years), and the issued ** units cannot be redeemed within this period.

Although such an expansion may be carried out under special circumstances, the expansion should be subject to strict statutory conditions. Therefore, under normal circumstances, the scale is fixed.

The ** units issued by the open-ended ** are redeemable, and investors can also subscribe for ** units at will during the duration of **, resulting in the total amount of funds in ** constantly changing every day. In other words, it is always "open". This is the fundamental difference between closed and open.