Different new bonds have different chances of winning. Taking CITIC convertible bonds as an example, the winning rate is about 0.18%.

After the new bond subscription, you can generally check the winning results on T+2.

New stocks refer to stocks that have just been issued and are in normal operation.

In the past few years, subscribing for newly listed stocks (commonly known as "buying new stocks") was a hot spot, because at that time, buying new stocks was like making a fortune for nothing. New stocks had an increase of nearly 100% on the first day of listing.

1. To subscribe for new shares, you must open a securities account on the Shanghai Stock Exchange or Shenzhen Stock Exchange before the issuance date.

2. Investors can use their accounts to subscribe for new shares issued on the subscription day (hereinafter referred to as T day). The subscription time is 9:30-11:30 am and 1:00-3:00 pm on T day.

3. Each account can only subscribe for the same new stock once (excluding funds and convertible bonds).

For repeated subscriptions, only the first subscription is valid.

4. The Shanghai Stock Exchange stipulates that each subscription unit is 1,000 shares, and the number of subscriptions must be no less than 1,000 shares. If the number exceeds 1,000 shares, it must be an integral multiple of 1,000 shares, but the maximum number shall not exceed one thousandth of the number of public shares issued online at that time.

Or 99.999 million shares.

The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription entrustment for each securities account must be no less than 500 shares. The number of shares exceeding 500 must be an integral multiple of 500 shares, but shall not exceed one thousandth of the number of issuances priced online this time, and shall not exceed 500 shares.

Over 999,999,500 shares.

Subscription for new shares Subscription for new shares 5. The order to subscribe for new shares cannot be canceled, and the designated transaction cannot be canceled during the subscription period for new shares.

6. Every 1,000 (or 500) shares subscribed for new shares will be allocated a subscription number, and the numbers allocated for the same subscription are consecutive.

7. If an investor has an overdraft subscription (that is, the total subscription amount exceeds the balance of the settlement reserve fund), the overdraft portion will be confirmed as invalid and the subscription will not be allocated.

8. Each winning number can only subscribe for 1,000 (or 500 shares) shares.

9. The listing date of the new shares shall be published in the designated securities newspaper after approval by the stock exchange.

10. Subscription for new shares issued through online pricing requires full prepayment of the subscription fee.

11. IPO Online is the fastest and most authoritative professional website for new shares in China. When subscribing for new shares, please pay attention to the prospectus, listing announcement, winning announcement, etc. published by the listed company on IPO Online.