1. Issue quantity. Generally speaking, the winning rate is negatively related to the customers concerned and the circulation. That is, the lower the winning rate, the higher the circulation, the higher the winning rate and the lower the circulation.

2. Market conditions. The winning percentage actually shows the relationship between market conditions. The lower the winning rate, the better the market will be, and the higher the winning rate, the worse the market will be.

What's the difference between issuing new shares and issuing new bonds?

1, different time to market: new shares will be listed and traded about 14 days after the lottery, and new bonds will be listed and traded about 20 days after the lottery.

2. Different requirements: new shares have market value requirements (both Shanghai and Shenzhen need stock market value10000); There is no market value requirement for new bonds, and 0 funds can participate.

3. The trading rules are different: T+ 1 for new shares, there is no price limit on the first day of Shanghai and Shenzhen stock markets, and there is no price limit on the first five trading days of science and technology innovation board Growth Enterprise Market; T+0 transaction of new debt, with no price limit.

What do you mean by issuing new shares?

Playing new shares means using funds to participate in the subscription of new shares. If you win the lottery, you will buy the upcoming shares. To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be established before the issuance date. From 20 15, offline institutions and individuals can purchase on the stock exchange, and online purchases can be made by themselves.

What do you mean by new debt?

Playing new bonds is to subscribe for newly issued bond fund products. When the general bond fund products were first issued, the issue price was relatively low. At this time, investors who buy newly issued bonds are called new bonds. When buying, they will choose investors who can buy bonds by drawing lots, which is called winning lots. Investors who win the lottery buy bonds at the issue price of bonds, which requires little cost, and then they can get higher returns by selling bonds. However, after the new debt is listed, it will generally not fall below the face value and will hardly lose money, so it will be a new debt.