The 3-character opening is a GEM stock. The conditions for opening on the GEM are: 1. Two years or more of work experience; 2. Risk tolerance of C4 or above; 3. Average daily assets of 100,000 or more in the 20 trading days before opening.
Currently, the Growth Enterprise Market implements a registration system. There is no price limit for new shares in the first 5 working days of listing. After 5 trading days, the price limit is 20%. The number of single transactions is 100 shares and its integral multiple. There are after-hours pricing transactions.
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The GEM, also known as the Second-board Market, is the second stock trading market. It is a type of securities market different from the Main-Board Market. It is designed for entrepreneurial companies that are temporarily unable to be listed on the Main-Board Market.
Securities trading market with financing channels and room for growth.
The GEM is an important supplement to the main board market and occupies an important position in the capital market.
The stock codes of companies listed on the China Growth Enterprise Market start with "300".
Compared with the main board market, the GEM listing requirements are often more relaxed, mainly reflected in the requirements on establishment time, capital scale, medium and long-term performance, etc.
The biggest feature of the GEM market is its low entry threshold and strict operation requirements, which helps potential small and medium-sized enterprises obtain financing opportunities.
Companies listed on the GEM market have high growth potential, but they are often established for a shorter period of time, are smaller in scale, and have less outstanding performance, but they have a lot of room for growth.
It can be said that the GEM is a stock market with low threshold, high risks and strict supervision. It is also a cradle for incubating entrepreneurial and small and medium-sized enterprises.
Trading rules (1) The trading unit of GEM stocks is "share", and the trading unit of investment funds is "share".
To declare to buy securities, the quantity should be 100 shares (shares) or an integral multiple thereof.
Securities with less than 100 shares (shares) can be sold with a one-time declaration.
(2) The quotation unit of securities is "price per share (share)".
The minimum change unit of "price per share (share)" is RMB 0.01.
(3) Securities are subject to a price limit of 10%.
The price calculation formula for price increase and decrease is: price limit for price increase and decrease = (1 ± price increase and decrease ratio) × closing price of the previous trading day (the calculation result is rounded to RMB 0.01).
There are no price limits on the first day of listing of securities.
GEM trading commissions are the same as A-shares, with a maximum limit of 0.3% of the transaction amount. Therefore, the transaction commission affects your transaction costs to a certain extent. Many investors are more concerned about transaction commissions, but this is different.
Let me give you a simple example of transaction commission: the transaction commission for customer A who opens an account through Discount Network is 1‰, the transaction commission for customer B is 2‰, and the transaction commission for customer C is 3‰.