Funds can be invested in sub-new shares, mainly to obtain excess returns. However, sub-new shares are risky, welcomed by hot money and often hyped, especially in small and medium-sized sectors.

Sub-new shares refer to stocks that have not been listed for a long time. Although it will fluctuate synchronously with the broader market, compared with other stocks, the share price of sub-new shares has basically no resistance. With the start of the general market and the cooperation of trading volume, there is huge room for the rise of sub-new shares.