What are the conditions for opening the trading authority of convertible bonds?
1 The assets in the securities account and capital account in the 20 trading days before the opening of the application authority shall not be less than RMB 654.38+10,000 yuan per day (excluding the funds and securities that investors integrate through margin financing and securities lending).
Participated in securities trading for more than 24 months.
(3) The risk assessment level is higher than C3 robustness.
4. Sign the risk statement, and sign the risk disclosure statement of convertible bonds when purchasing new bonds and convertible bonds.
Convertible bond trading rules:
1 Convertible corporate bonds are traded with the face value of 1000 yuan as a trading unit, which is referred to as "one hand" for short (one hand = 10), and multiple transactions are carried out with one hand. The unit of valuation is denomination per 100 yuan. The maximum number of single declaration should be less than 654.38+00,000 lots (including 654.38+00,000 lots), and the transaction price of convertible bonds = transaction unit price * number of sheets (minimum lot).
2 Convertible corporate bonds shall be subject to T+0 trading, and the entrustment, trading, custody, sub-custody and market disclosure of convertible corporate bonds shall be handled with reference to A shares.
T+ 1 settlement shall be implemented for convertible corporate bonds, and investors and brokers shall go through the delivery procedures on the second trading day after the transaction.
On the first day of listing, the Shanghai Stock Exchange adopted a unified price floating mechanism of 57.3% and -43.3%.
5 From the day after the listing of Shenzhen Stock Exchange, a 20% price limit will be set.
After the new regulations on convertible bonds, both the threshold and the limit of price increase and decrease have changed. The purpose of this is to curb everyone's unlimited speculation on convertible bonds and protect the interests of investors.