The stock registration system has no price limit.

After the implementation of the registration system, there will be no price limit on the price of new shares on the first day of listing. Therefore, investors who invest in the GEM do not need to worry about whether there is a limit on the rise or fall of the stock. Although new stocks listed after the registration system can maintain an upward trend on the first day, many of them fall on the second day. Some stocks even fall below the issue price within a few days of listing. Therefore, investors who want to invest must pay attention to the risks. The registration-based GEM stock trading rules are as follows:

1. For investors, the average daily assets for the 20 trading days before the transaction need to be no less than 100,000;

2. Starting from the 6th trading day of listing, the price limit will be adjusted from 10% to 20%;

3. The registration-based GEM stock trading rules are that there is no price limit for the 5 days before listing. ;

4. Optimized the intraday temporary trading suspension mechanism, adjusted transaction public information disclosure indicators, and set an upper limit for the maximum number of single declarations;

5. Implemented after-hours pricing transactions, Added "price cage" during continuous bidding.

The so-called registered stocks refer to GEM stocks. After the reform of GEM in my country, the registration system was implemented, so many people call it registered stocks. According to regulations, there is no price limit for registered stocks in the first five trading days of listing, and the price limit after that is 20%. If investors want to participate in registered stock investment, they are required to have an account with assets of no less than 100,000 yuan in the previous 20 days and to have securities trading for more than two years.

It will be more difficult for retail investors to invest after the registration system. After the registration system, the value of stocks is determined by the market, and investors make their own value judgments, making investment operations more difficult; after the registration system, investment risks will be greater. At present, science and technology innovation The Board and GEM adopt a registration system, and there is no price limit on the price of new shares in the first five trading days, but the price limit after five trading days is 20%. The registration system will eliminate retail investors. Under the registration system, relatively mature stock markets are mainly invested by institutional investors, with very few retail investors. After the domestic registration system, it becomes more difficult to make money, which requires investors to become more and more professional, and the market will Phasing out personal investing.