Now there is no need to freeze funds for online subscription of new shares in the main board market. Investors only need to save money after winning the lottery and wait for the deduction. Since the beginning of this year, the selection layer of the New Third Board has started trading. Many investors are interested in the new selection layer of the New Third Board, but they are not clear about the new rules. Then, should the new selection layer of the New Third Board freeze funds?

Does the New Third Board choose to freeze funds?

If it is necessary to freeze the funds of the new selection layer of the New Third Board, the New Third Board shall pay the subscription funds in full. Before the subscription, the investor shall deposit the subscription funds in full into the fund account opened in the securities company, and return the overpayment after determining the number of placements.

How long will online subscription funds be frozen?

Specifically, the innovation of the selected layer is to buy on T day and determine the final placement result on T+2 day. According to the placement results, confirm the unfrozen amount of funds and determine the underwriting amount.

On the natural day before T+ 1 to T+3, the subscription funds are frozen by China Clearing Beijing Branch, and the interest generated from the frozen funds is transferred to the risk fund established by the National Stock Transfer Company by China Clearing Beijing Branch.

The above is the new content about the selection of the new third board, and I hope it will help everyone.