Extended knowledge: The calculation rules of the market value of new shares subscription in Shanghai and Shenzhen stock markets include the following contents:

1. The market value held by investors is based on investors. The market value standard of Shanghai and Shenzhen stock markets is:

Shanghai Stock Exchange: On T-2 (the online subscription date confirmed in the issuance announcement), the average daily market value of Shanghai unrestricted A-share stocks in the first 20 trading days (including T-2) exceeded 654.38+0000 yuan (including 654.38+0000 yuan), and every 10,000 market values corresponded to the subscription quota of 654.38+0000 shares.

Shenzhen Stock Exchange: The average daily market value of A-shares in Shenzhen Stock Exchange is over 654.38+00000 yuan (including 654.38+00000 yuan) in the first 20 trading days (including T-2 day), and the market value of each 1 10000 shares corresponds to 654.38+0000 shares.

2. If an investor holds more than one securities account, the market value of the multiple securities accounts shall be calculated together.

(Shenzhen market) If an investor holds the same securities account in multiple places, its market value shall be calculated on a consolidated basis.

3. The principle of confirming that multiple securities accounts are held by the same investor is that the "account holder's name" and "valid ID number" in the securities account registration materials are consistent. Securities account registration data shall be subject to the end of T-2.

4. The market value of customers' margin financing and securities lending credit accounts is calculated as the market value held by investors.

5, unqualified, dormant, cancellation of securities accounts do not calculate the market value. If the opening time of the investor's relevant securities account is less than 20 trading days, the average daily holding market value shall be calculated according to 20 trading days.

6. The calculation of the market value of the non-restricted A-shares will not be affected if there is judicial freeze or pledge, and if there are shareholding restrictions for directors, supervisors and senior managers of listed companies.

7. The market value held by the investor's relevant securities account shall be calculated by multiplying the number of shares included in the market value calculation range in his securities account by the corresponding closing price.

Second, the subscription process of new shares

1. Three-day subscription process: (use * * * when issuing with Hong Kong stocks)

T day, online subscription. According to the market value, there is no need to pay.

T+ 1, announce the winning rate and winning number.

T+2 days, if there is a lottery, it will be paid according to the number of lottery winners.

Note: The above T+N days are trading days, which will be postponed in case of holidays such as Saturday and Sunday.

2. Four-day subscription process:

(1) On the day of subscription (T+0), investors subscribe.

(2) On the first day after the subscription date (T+ 1), the Exchange will conduct capital verification.

(3)(T+2) Shake the number to announce the winning result.

(4)(T+3) Unfreeze the unsuccessful subscription.

* Note: The number of winning shares will be collected after the market closes the night before IPO.

According to the market value of T-2 account, quantity: SZSE 5000 yuan, one quantity, 500 shares/unit.

Shanghai 10000 yuan is the allocated quantity, 1000 shares/quantity.