It means it has not been activated and needs to be activated first.

New investors who have opened an account within 2 years must open the GEM 5 days in advance. Old investors who have opened an account for more than 2 years must open the GEM 2 days in advance. Therefore, old investors must open an account on Monday at the latest in order to catch up with the new stock subscription last week.

Without a Shenzhen Securities account, not only cannot you set up GEM trading procedures, you cannot also participate in any transactions on the Shenzhen Securities Market.

However, the same securities account can open accounts at multiple securities companies and trade GEM stocks. If a stock investor has already signed a risk disclosure form with a securities company, he or she can apply for a signed copy of the stock risk warning from another securities company without signing again. Extended information

First. Choose a time to go to the securities company to handle relevant business from 9:30 to 11:30 in the morning from Monday to Friday and from 1 to 3 in the afternoon.

Second. After choosing a time point, investors need to bring their own second-generation ID cards and relevant Shanghai and Shenzhen shareholder cards. Mainly to prove the identity of the investor, both cards are indispensable. If the shareholder card is missing, you can get a replacement.

Third. Remember that only the brokerage business department where you opened the Shanghai and Shenzhen trading card can handle this business.

Fourth. Sign a warning letter on GEM risks. Then sign and write the date of signing.

Fifth. Wait patiently for a few trading days before you can trade GEM stocks. The specific trading days are determined according to different regulations of different securities companies.

Baidu Encyclopedia - GEM