On 20 15, Shanghai Equity Custody Trading Center launched the "Science and Technology Innovation Board", which is the full name of "Science and Technology Innovation Enterprise Share Transfer System". The original intention of this "science and technology innovation board" is that all technology-based and innovative enterprises in the initial stage and growth stage are suitable for listing in this stock. Now suddenly there is a science and technology innovation board, in order to make the domestic unicorn, science and technology, and the new Internet model go public. So there are many ways to quit venture capital, which is super good.
The science and technology innovation board was put forward by the highest level at China International Import Expo (CIIE). Obviously, from the perspective of the top-level design of the highest-level capital market, its formation pattern is Shanghai Stock Exchange-Science and technology innovation board and Shenzhen Stock Exchange-Growth Enterprise Market.
Science and technology innovation board gathers science and technology innovation enterprises. Originally named "New Fourth Board". Considering that it should be radiated to the whole country, it was renamed as "Science and Technology Innovation Board". Science and technology enterprises include national high-tech enterprises, provincial high-tech enterprises, small giant enterprises, or Z government-certified science and technology enterprises.
Innovative enterprises include the four new economies developed by Shanghai. It is the three types of "grasping industries" established in the four concepts of new industries, new technologies, new formats and new models:
First, the key direction of robot, new display and remanufacturing from manufacturing to intelligent manufacturing;
The second is the advanced direction of the integration of fourteen manufacturing services such as network audio-visual, big data and cloud platform;
The third is nine new service formats such as Internet finance and credit services.
Its standards are as follows: the requirement for individual investors is to have financial assets of more than 500 thousand yuan. The so-called financial assets include bank deposits, stocks, funds, futures interest, bonds, gold, wealth management products (plans) and so on. Compared with the New Third Board, the investment threshold of science and technology innovation board is very low. But at the same time, in order to protect the interests of investors, the science and technology innovation board will have a 50% price limit.
Online subscription requires holding a market value of more than 1 10,000 yuan, and one subscription unit can be purchased for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription amount. In addition, the subscription unit for each new share is 500 shares, which is lower than the current provision of 65,438+0,000 shares, and the subscription quantity should be 500 shares or an integral multiple thereof.
In other words, before you buy the stock of science and technology innovation board, you must have at least 10000 stock market value in your account. Etf and reverse repurchase are not counted, but only the stock market value. Someone asked, science and technology innovation board is located in Shanghai, is it only the market value of Shanghai stock market, not Shenzhen stock market? There are no clear rules now. My understanding is that the market value of Shanghai and Shenzhen should be universal. If we only calculate the market value of Shanghai Stock Exchange, it will be unfair to investors who hold the market value of Shenzhen Stock Exchange, and it will also make science and technology innovation board too petty. In addition, the first sign was changed to 500 shares, which is the same as the previous GEM and SME board.