Newly opened securities accounts can participate in new stock trading. As long as you hold a certain market value of stocks in advance and meet the market value requirements, you can buy new shares. If the market capitalization requirement is not met, no matter the old or new securities account, you will not have the right to buy new shares. The new share subscription does not depend on the time when the investor opened an account, but on the average daily market value of the stocks held. The daily average stock market value in the 20 trading days before T-2 of the new share subscription must reach more than 10,000 yuan to determine the new share subscription quota. If this condition is met, you can subscribe for new shares.
It is also worth noting that each investor can only use an account with market value to subscribe once. If you subscribe multiple times, only the first subscription is valid, and the market value on the same day can be used repeatedly. , assuming that multiple new stocks are issued on that day, investors can use the determined market value to repeatedly participate in the subscription of multiple new stocks, but cannot reuse the subscription funds.
What can you do after opening a new securities account:
Brokerage business and IB business Brokerage business is actually the most basic and general business. For individual customers, it is stock trading business. Mainly: stock account opening + financial products. Financial management products include income certificates, funds and other various businesses developed by securities companies for customers. For stock account opening, many brokerages now offer commissions in case of accidents.
The IB business of securities companies refers to the business in which securities companies accept the entrustment of futures brokers and introduce customers to futures brokers. In the IB business, the securities company only acts as an intermediary, helping customers establish links with futures companies and collecting a certain amount of commission from them.
Credit Transactions
Margin Lending: Investors provide collateral and borrow funds to buy securities or borrow securities and sell them. The general interest rate of margin financing and securities lending is now around 6.00%.
Agreed repurchase: Qualified investors sell a specific number of underlying securities to a designated trading securities company at an agreed price.
Stock pledge: A stock pledged repurchase transaction means that a qualified fund investor (hereinafter referred to as the "funder") pledges the stocks or other securities it holds to provide qualified funds. A transaction in which a party (hereinafter referred to as the "financing party") injects funds and agrees to return the funds and release the pledge in the future.
Income certificates: Customers can purchase income certificates for low-risk financial products online or through other methods.
Special financing business: This business is a special business launched by securities companies. It mainly uses stock pledged repurchase business as a carrier. The financing period is up to three years, and customers can repay in advance.
Asset Management
Collection products: Mainly investment business modules self-operated by securities companies, which are generally only released on the official website of securities companies.
Targeted products: Securities companies target high-net-worth customers to develop products that meet customer risks.
Investment Banking
Investment banking business is actually the institutional business of securities companies, targeting large companies, institutions and high-net-worth customers. These mainly include: IPO, rights issue, additional issuance, non-public issuance, convertible bonds, separately traded convertible bonds, bond issuance, asset securitization, corporate mergers and acquisitions, New Third Board, Fourth Edition recommendations, equity stimulation and debt restructuring, etc.