the average daily asset is not less than RMB 1,.

Take Shenzhen Stock Exchange as an example, the assets in the securities account and capital account are not less than RMB 1, per day in the 2 trading days before the opening of the application authority (excluding the funds and securities that the investor has integrated through margin financing and securities lending); Participated in securities trading for more than 24 months.

The securities accounts that can be used to calculate the assets of individual investors should be the securities accounts opened by China Clearing and the accounts opened by investors in securities companies. The accounts opened by China Clearing include A-share accounts, B-share accounts, closed-end fund accounts, open-end fund accounts, derivative contract accounts and other securities accounts established by China Clearing according to business needs.

the growth enterprise market, also known as the Second-board Market, is a different kind of securities market from the Main-Board Market, which provides financing channels and growth space for entrepreneurial enterprises that cannot be listed on the main-board market temporarily. Growth enterprise market is an important supplement to the main board market and occupies an important position in the capital market. The stock code of listed companies in China Growth Enterprise Market starts with "3".

Compared with the main board market, the listing requirements of GEM are often more relaxed, mainly reflected in the requirements of establishment time, capital scale, medium and long-term performance and so on. Growth enterprise market is characterized by low entry threshold and strict operation, which helps potential SMEs to obtain financing opportunities.

companies listed on the growth enterprise market have a high growth rate, but they are often established for a short time and have a small scale, and their performance is not outstanding, but they have great room for growth. It can be said that GEM is a stock market with low threshold, high risk and strict supervision, and it is also a cradle for incubating entrepreneurial and small and medium-sized enterprises.

Purpose of establishment:

(1) To provide financing channels for startup companies.

(2) Evaluate the value of venture capital effectively through market mechanism, promote the combination of knowledge and capital, and promote the development of knowledge economy.

(3) provide "export" for venture capital funds, disperse the risks of venture capital, promote a virtuous circle of investment, and improve the flow and use efficiency of investment resources.

(4) increase the liquidity of shares of small and medium-sized enterprises, facilitate enterprises to implement equity incentive plans, and encourage employees to participate in enterprise value creation.

(5) Promote the standardized operation of enterprises and establish a modern enterprise system.