First, the condition for the GEM to open is 1. Individual investor: (1) More than two years experience in A-share trading, with a risk assessment score of 40 or more; (2) An interview is required to open an account with less than two years' experience in A-share trading, and the business knowledge assessment must reach 80 points or above, and the risk assessment must reach 40 points or above (at present, customers with less than two years' investment experience directly tell them that they are not allowed to open an account, and customers can bring their ID cards to the counter to confirm if they have any questions). 2. Institutional investors: The GEM authority of institutional investors is enabled by default. There is no investment experience requirement, and there is no need to fill in the GEM risk warning. Second, the GEM opening process is 1, and the GEM authority is actually to open an authority on the deep A shareholder card. Specifically, customers need to bring their ID cards to the counter of their business department, or they can do it if there is a business department under their business department. 3. Entrusted agent: A plenipotentiary cannot act as an agent, but if there is a power of attorney from a notary office, it can be handled. Third, the GEM opening time: 1, GEM opening authority: trading day 9: 00- 16: 002, investment experience for more than two years: T+2 opening; 3. Less than two years of investment experience: T+5 opened. 4. If customers who have passed the GEM authority in other brokers, they can re-sign the contract directly on their mobile phones or bring their second-generation ID cards to the counter. : First, the purpose of GEM is 1 to provide financing channels for high-tech enterprises. 2. Effectively evaluate the value of venture capital through market mechanism, promote the combination of knowledge and capital, and promote the development of knowledge economy. 3. Providing "export" for venture capital funds, dispersing the risks of venture capital, promoting a virtuous circle of high-tech investment and improving the flow and efficiency of high-tech investment resources. 4. Increase the liquidity of innovative enterprises' shares, facilitate enterprises to implement equity incentive plans, and encourage employees to participate in enterprise value creation. 5. Promote the standardized operation of enterprises and establish a modern enterprise system. Second, the public offering and listing of GEM stocks should follow the following procedures: 1, enterprise restructuring and establishment of a joint stock limited company. 2. Conduct due diligence and counseling on enterprises. 3. Make application documents and declare them. 4. Review the application documents. 5. Roadshow, inquiry and pricing. 6. Issuance and listing.