The stock market is usually from 9: 3 am to 11: 3 am and from 1: pm to 3: pm every Monday to Friday. You are a new stockholder. I will send you a stock trading rule as follows: 1. Trading time

Monday to Friday (except legal holidays)

9: 3 am-11: 3 pm

1. Buying orders with higher prices take precedence over buying orders with lower prices, and selling orders with lower prices take precedence over selling orders with higher prices. Entrusting at the same price will take precedence in chronological order.

(2) Bidding method: call auction will be held from 9: 15 am to 9: 25 am (all valid commissions will be handled at one time);

bid continuously from 9: 3 am to 11: 3 am and from 1: pm to 3: pm (deal with valid commissions one by one).

Third, the trading unit

(1) The trading unit of the stock is "shares", with 1 shares = 1 lot, and the number of entrusted purchases must be 1 shares or an integer multiple thereof;

(2) The trading unit of the fund is "shares", with 1 shares equal to 1 lot, and the number of entrusted purchases must be 1 shares or an integral multiple thereof;

(3) The trading unit of treasury bonds and convertible bonds is "hand", the 1 yuan denomination is 1 hand, and the entrusted purchase quantity must be 1

hand or an integral multiple thereof;

(4) When the entrusted quantity can't be fully sold or dividends are distributed, there may be odd shares (odd shares with less than one lot), and odd shares can only be sold on consignment

, but cannot be bought on consignment.

Fourth, the quotation unit

The stock is quoted by "shares"; The fund takes "shares" as the quotation unit; Bonds are quoted in "hand". Example: the quotation

shows "Shenzhen Development A" 3 yuan, that is, the current price of "Shenzhen Development A" shares is 3 yuan/share.

The minimum change unit of the transaction entrustment price: RMB .1 for A shares, funds and bonds; Deep B is HK$ .1; Shanghai b is

USD .1 yuan; Shanghai bond repurchase is RMB .5.

V. Limit of price increase and decrease

In a trading day, except for the securities listed on the first day, the trading price of each securities shall not increase or decrease by more than 1%

compared with the closing price of the previous trading day, and the entrustment exceeding the price limit shall be invalid.

VI. "ST" stocks

A stock with the word "ST" in front of the stock name indicates that the listed company has suffered losses continuously in the last two years, or for one year, but its net assets

have fallen below the par value, and major illegal acts have occurred during the company's operation, and the exchange will

give special treatment to its stock trading. The stock trading day is limited to 5%.

VII. Withdrawal of entrustment

Before the entrustment is completed, the investor may revoke the entrustment.

VIII. "T+1" delivery

"T" means the trading day, and "T+1" means the second day of the trading day. "T+1" trading system means that the securities bought by investors on the same day cannot be sold on the same day, and can only be sold after automatic delivery and transfer the next day. ("t+"

reversal trading is allowed for bonds on the same day. )

In terms of the use of funds, the funds sold on the same day can be used to buy stocks when they return to the investor's account, but they cannot be withdrawn on the same day.

Only after delivery can they be withdrawn. (A shares are settled by T+1 and B shares by T+3. )

IX. Subscription for new shares

At present, there are two main ways to issue new shares on Shenzhen Stock Exchange and Shanghai Stock Exchange: public offering on the Internet and placing shares with secondary market investors.

1. Online public offering

① Investors should fully understand the prospectus and issuance announcement before subscribing for new shares.

② Before subscription, sufficient funds must be deposited in the fund account for subscription. The minimum subscription limit for each securities account is 1 shares, and the subscription must be < P > 1 shares or an integer multiple thereof.

③ each account can only be subscribed once, and every 1 shares are assigned a number. For multiple subscriptions, only the first consignment is valid, and the other consignments

are invalid, and invalid subscriptions are not assigned numbers.

④ the entrustment contract number is not the lottery number, but the computer serial number entrusted by the investor under the securities department. Investors can check the allocation number of new shares through the telephone system or self-service system on the third working day after the subscription

. On the fourth working day after the purchase date, you can check whether you have won the lottery according to the lottery number published in the newspaper and your own purchase number.

⑤ there is no handling fee for subscription of new shares. The unsuccessful funds will be automatically returned to the fund account

on the fourth working day after the purchase date.

⑥ subscription for new shares cannot be cancelled. The subscription time for new shares is from 9: 3 am to 3: pm; The order

entrusted before 9: 3am is invalid.

2. Placing shares to investors in the secondary market

1. Investors must hold listed and circulating A shares on the registration date determined by the stock issuance announcement before they have the right to place new shares;

②. Investors holding the market value of A shares circulating in Shenzhen and Shanghai stock exchanges can use Shenzhen and Shanghai securities accounts to participate in the subscription and placement of new shares issued in Shanghai Stock Exchange at the same time, and the same new shares can be subscribed and placed, and the Shenzhen and Shanghai stock exchanges use their own subscription codes respectively;

(3) For each A-share with a market value of 1, yuan, 1, shares can be purchased and placed, and the number of shares purchased must be 1, shares or an integral multiple thereof

. If the market value is less than 1, yuan, it will not be included in the market value that can be purchased;

④ The market value of listed and circulating A-shares entrusted by the same securities account of Shenzhen investors in different business departments shall be calculated together;

⑤. When applying for the allotment of new shares, investors are entrusted to buy according to the subscription ceiling, and each securities account can only be subscribed once. The oversubscription

and the repeated subscription are all invalid subscriptions, and once the subscription is confirmed, it cannot be revoked;

⑥. On the first working day (T+1 day) after subscription and allotment, investors should check the allotment number in an effective way, and check the lottery number on T+2 day. If they win the lottery, they must deposit the full amount of lottery money before 14: on T+3 day.

X. Dividends and allotment

1. Dividends and dividends

Dividends and dividends refer to dividends and dividends distributed by listed companies to their shareholders. At present, companies in Shenzhen Stock Exchange and Shanghai Stock Exchange pay dividends in the following ways: bonus shares, cash dividends and bonus shares. Investors should clearly understand the dividend announcement published by listed companies in the newspapers designated by the CSRC.

investors who receive bonus shares and dividends of listed companies in Shenzhen and Shanghai do not need to go through any formalities in the securities department. As long as date of record still holds such shares at the close of the day

, they all have the right to pay dividends. Bonus shares, bonus shares and cash dividends will be automatically transferred to the securities account of investors < P >.

the dividend-paying shares reach the investor's account on the listing date of the bonus shares; Dividends distributed can be automatically transferred to the investor's capital account only after the listed company transfers the money to the account.

2. Payment for allotment of shares

Investors must clearly understand the prospectus for allotment of shares of listed companies. Investors who hold this kind of stock at the closing of the rights issue in date of record < P > will automatically enjoy the rights of rights issue without going through the registration formalities. However, during the payment period of rights issue, investors must go through the payment procedures, otherwise, the rights issue will automatically become invalid after the payment period expires.

investors can subscribe through telephone, keypad, hot self-help and online trading systems, and the method of entrustment is the same as that of entrusted stock trading

, and the allotment is deducted from the capital account.

(A) Operation mode of Shenzhen stock market allotment: buy allotment code 8*** (that is, change the second digit of the original stock code to "8");

(B) Operation mode of rights issue in Shanghai stock market: sell the rights issue code of 7*** (that is, change the first digit of the original stock code to "7").

after placing an order, you must check whether the transaction is completed and whether the funds are deducted to confirm whether the payment is successful. The rights issue shares must be

automatically transferred to the securities account when the rights issue is circulated and listed.

3. Ex-dividend and ex-dividend

date of record is the date when investors are determined to enjoy the rights to share dividends and share allotment.

The shares purchased by investors on the first day after date of record no longer enjoy the rights of dividend distribution and rights issue. However, investors < P > still enjoy the rights of dividends and rights issue when they buy shares in date of record on the same day and sell them the next day.

in the Shanghai stock market display, the "XR" in the prefix of the securities name on the day of ex-dividend indicates the ex-dividend of the stock; "XD" means

ex-dividend; "DR" means ex-dividend and ex-dividend.

note: during the payment period of rights issue in Shenzhen, the rights issue warrants cannot be transferred to custody.