To buy GEM stocks, you need to open GEM permissions. If you don't have the authority, you can invest in GEM through GEM funds. But not all GEM funds can invest, and not everyone can invest in GEM B, so why can't GEM B buy it?

Why can't I buy GEM B?

GEM B is actually a graded fund. If you want to invest in graded funds, you need to meet certain thresholds. Investors need to meet the authority to open graded funds, and the average daily assets of securities accounts in the past 20 trading days are more than 300,000 yuan before they can invest in graded funds.

In fact, most wealth management businesses implement the principle of risk adaptability. If a business is risky, the threshold for opening an account will be high. Graded funds are generally divided into two shares, A and B. Among them, investors with share B gain the right to use their funds by paying interest to holders of share A, so as to expand their leverage. When the leverage is increased, the risk will naturally become greater.