The new shares of the Beijing Stock Exchange are still worth subscribing for. In the short term, with strong support from the state, they are definitely possible. However, in the long run, the risk is still considerable, especially now that even the new stocks on the main board are frequently breaking, it is definitely not a good thing if you apply for new shares and encounter a break.

North Exchange Trading Rules:

1. Opening conditions: 500,000 + 2 years

Daily average of securities account and capital account in the first 20 trading days after opening Assets should be no less than RMB 500,000 and have been involved in securities trading for more than 24 months.

Note that the 500,000 refers not only to stocks, funds and other securities assets, but also to cash~

2. There is no need for a new market value

We know that the main board will There are market value requirements for holding positions. For details, please refer to "A-share IPO (1)" for the most complete analysis of the IPO rules! ! 》, but the Beijing Stock Exchange has no market capitalization requirement for new positions.

It is like the Hong Kong stock market, freezing the corresponding funds when subscribing for new shares. However, Hong Kong stocks can make new investments with the help of bank financing leverage, but the Beijing Stock Exchange cannot.

When the Beijing Stock Exchange launches new projects, the amount of funds you subscribe for will be frozen. The funds will not be unfrozen until the winning results are announced, so there is a cost of occupying funds. If there are a large number of new stocks in the future, or the increase is too low, it may not be worthwhile.

3. Price limit

The price limit of the Beijing Stock Exchange is ±30%. However, there is no price limit on the first day of listing of new stocks.

In addition, when the intraday transaction price of a new stock rises or falls by 30% or 60% compared to the opening price for the first time on the first day of listing, trading will be temporarily suspended for 10 minutes. When trading is resumed, a call auction will be held, and then trading on the day will be carried out. .

4. Placing Principles

According to the latest version of the Beijing Stock Exchange trading rules released on the evening of October 30, 2021, “When the total effective subscription amount of online investors is greater than the online issuance amount , calculate the number of allotment shares obtained by each investor based on the ratio of the online issuance quantity and the total effective subscription quantity (the winning rate = total issued shares/total investor subscription quantity), among which, the portion less than 100 shares will be given priority based on the subscription quantity after summarization , 100 shares will be allotted to each investor in turn with the same number of shares based on time priority until there are no remaining shares.”