1, price limit:

There is no price limit for GEM stocks in the first five trading days, and then the price limit is 20%, and the price limit for st stocks in GEM is also 20%.

2. After-hours trading

Growth enterprise market can conduct after-hours trading during the closing period of 15: 05- 15: 30, that is, the after-hours pricing trading declaration is continuously matched with the closing price of the day; If the trading is suspended during the opening period, it can continue to declare during the suspension period; If the trading is still suspended on the same day 15: 00, no after-hours trading will be conducted; The number of single declaration is 100 shares, or an integer multiple thereof, and the number of declarations shall not exceed100,000 shares at most; The limit of the buying price is less than the closing price, the limit of the selling price is greater than the closing price, and the limit of the buying and selling price exceeds the limit of the current day.

3. Opening of GEM authority

Before trading GEM stocks, investors must open the GEM authority, among which the conditions for opening the GEM are: participating in securities trading for more than 24 months; The average daily assets of the securities account and capital account under the name of individual investors in the 20 trading days before the application for opening authority are not less than RMB 65,438+10,000 (excluding the funds and securities incorporated into margin financing and securities lending); The risk assessment result is C3 balance and above.

1. The stock is a part of the ownership of the joint-stock company, and it is also the ownership certificate issued by the joint-stock company. It is a kind of securities issued by a joint-stock company to all shareholders, as a shareholding certificate to obtain dividends and bonuses.

Second, stocks are long-term credit instruments in the capital market and can be transferred and traded. Shareholders can share the company's profits with them, but they also have to bear the risks brought by the company's business mistakes. Each share represents the shareholder's ownership of the basic unit of the enterprise. Every listed company will issue shares. Each stock in the same category represents the equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company.

Three, the stock is an integral part of the capital of the joint-stock company, which can be transferred and traded, and is the main long-term credit tool in the capital market, but the company cannot be required to return its capital contribution. Stock is a kind of valuable securities, which is a stock certificate issued by a joint-stock company to investors when raising capital, representing the ownership of the joint-stock company by its holders (that is, shareholders). Buying stocks is also a part of buying a company's business, which can develop and grow together with the enterprise.

This kind of ownership is a comprehensive right, such as attending the shareholders' meeting, voting, participating in the company's major decisions, collecting dividends or sharing the dividend difference. , but also bear the risks brought by the company's business mistakes. Getting regular income is one of the important reasons for investors to buy stocks, and dividends are the main source of regular income for stock investors.

4. The trading time of most stocks is 4 hours, which is divided into two periods, namely: Monday to Friday from 9:30 am to 1 1:30 pm and 13:00 pm to 15:00 pm.

1 and 9: 00 am15, investors can place orders, and the entrusted price is limited to+10% of the closing price of the previous trading day, that is, between the price limit of the day.

2. Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price".

Orders entrusted between 3.9: 25 and 9:30 will not be processed until 9: 30.

If the price you entrust can't be concluded on the current trading day, you must re-register the order every other trading day.

5. Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange. (Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).