The differences between the Science and Technology Innovation Board and the GEM are as follows:

1. Differences in listing requirements.

Science and Technology Innovation Board: The listing system is registration-based. As long as it meets the settings of the China Securities Regulatory Commission, you can log in without approval. It is mainly to support innovative small and medium-sized enterprises in the start-up stage, making it easier to go public.

GEM: Like the main board, it needs to pass a strict review system before it can be listed. The review requirements include the company's profit standards and asset size. Relevant supporting materials must be submitted to the China Securities Regulatory Commission for approval. Listed.

2. Differences in trading rules.

Science and Technology Innovation Board: There is no limit on the rise or fall of the Science and Technology Innovation Board within the first five trading days of listing. After five days, the limit is 20%. The number of single transactions must not be less than 200 shares.

GEM: The increase limit on the first day of listing is 20%, the maximum number of single transactions is 1 million shares, and the number of entrusted transactions must be an integral multiple of 100.

3. Differences in investor requirements.

Science and Technology Innovation Board: Investors are required to have securities trading time of more than two years and have a daily account capital of no less than 500,000 yuan in the first 20 trading days. If you cannot meet the conditions, you can only participate through public funds.

GEM: Investors can go directly to the counter with their identification documents, and there are no requirements for funds.

In my country's stock market, it is divided into several models, such as A-shares, GEM, and Science and Technology Innovation Board. For the majority of investors who have just entered the market, it is difficult to understand what is happening in the securities market. some content.

What is the GEM:

It refers to a market outside the main board market that is specifically designed for entrepreneurial enterprises, small and medium-sized enterprises and high-tech industrial enterprises that are temporarily unable to be listed on the main board for financing and development. The securities trading market provides enterprises with financing channels and room for growth.

The GEM stock code starts with "300" and belongs to the Shenzhen market.

What is the Science and Technology Innovation Board:

The Science and Technology Innovation Board (full name Science and Technology Innovation Board) is a new sector independent of the existing main board market and implements a registration system. Science refers to technology, and innovation refers to innovation. Technological innovation has the characteristics of large investment, long cycle and high risk, and often requires the guidance and catalysis of long-term capital. The birth of the Science and Technology Innovation Board will make up for the shortcomings of the capital market in serving technological innovation. The stock code of the Science and Technology Innovation Board starts with "688" and belongs to the Shanghai market.

Similarities and differences between the Science and Technology Innovation Board and the GEM:

Same as:

1. The rise and fall are the same: there is no rise or fall limit in the first five days of listing. , and then the increase or decrease is limited to 20%.

2. The registration process is the same: both implement a registration system and are divided into two stages: exchange review and CSRC registration.