Does science and technology innovation board need to freeze the subscription funds for new shares?
Science and technology innovation board's new share subscription does not need to freeze funds, but it needs the corresponding market value. The subscription mentioned here is online subscription. If the subscription fee needs to be paid on time after the subscription is won, the investor shall fulfill the obligation of fund delivery according to the result of the lottery after the subscription of new shares, and ensure that the fund account has sufficient funds for subscription of new shares at the end of T+2.
Market value requirements for subscription of new shares of science and technology innovation board;
Every 5,000 yuan of market value can be purchased for a subscription unit, and the part less than 5,000 yuan is not included in the subscription amount. Each new share subscription unit is 500 shares, and the subscription number is 500 shares or an integral multiple thereof. The maximum subscription amount shall not exceed one thousandth of the initial online issuance amount at that time, and shall not exceed 99,999,500 shares. If it exceeds, the subscription is invalid.
During the subscription period, investors fill in the entrustment form according to the issue price, and the same investor can only use one account to participate. If multiple securities accounts are used to participate in the subscription of new shares in the same science and technology innovation board, or investors use the same securities account to participate in the subscription of new shares in the same science and technology innovation board for many times, the initial subscription shall be deemed as valid.
Subscribing for new shares is less risky than simply buying and selling stocks. After all, most successful bidders can get a good price when the new shares are listed, that is, they can earn a sum of money, so they can actively participate in the subscription of new shares and convertible bonds every day.