1. Conditions for the opening of the Growth Enterprise Market 1. Individual investors: (1) More than two years of experience in A-share trading, with a risk assessment score of 4 or more; (2) The opening of A-share trading experience of less than two years requires an interview, and the business knowledge evaluation must reach 8 points or above, and the risk evaluation must reach 4 points or above (at present, customers with less than two years of investment experience directly inform that it is not allowed to open, and customers can bring their ID cards to the counter to confirm if they are in doubt). 2. Institutional investors: The GEM authority of institutional investors is opened 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 1. 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, and if there is a business department under their business department, they can also apply. 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 opening time of the GEM: 1. The authority to open the GEM: 9: -16: 2 on the trading day, and the investment experience is more than two years: it is T+2 opening; 3. Less than two years of investment experience: it was opened on T+5. 4. If customers who have passed the GEM authority in other securities firms, they can directly re-sign on their mobile phones or bring their second-generation ID cards to the counter. : First, the GEM was set up to provide financing channels for high-tech enterprises. 2, through the market mechanism, effectively evaluate the value of venture capital, promote the combination of knowledge and capital, and promote the development of knowledge economy. 3, provide "export" for venture capital funds, disperse the risks of venture capital, promote a virtuous circle of high-tech investment, and improve the flow and efficiency of high-tech investment resources. 4, increase the liquidity of innovative enterprise 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 shares on the Growth Enterprise Market should follow the following procedures: 1. Restructure enterprises and set up joint stock limited companies. 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.