(1) Identify assets in securities accounts and capital accounts.
1. The securities accounts that can be used to calculate the assets of individual investors should be the securities accounts opened by China Clearing and the accounts opened by investors in securities companies. The accounts opened by China Clearing include A-share accounts, B-share accounts, closed-end fund accounts, open-end fund accounts, derivative contract accounts and other securities accounts established by China Clearing according to business needs.
Capital accounts that can be used to calculate investors' assets include customer transaction settlement fund accounts and stock option margin accounts.
2. The following assets in the securities account opened by China Clearing can be counted as investors' assets: stocks, including A shares, B shares, preferred stocks, Hong Kong stocks bought through Hong Kong Stock Connect and stocks listed in the share transfer system; Publicly raise fund shares; Bonds; Asset-backed securities; Share of asset management plan; Stock option contract, right warehouse contract plus assets at settlement price, and obligation warehouse contract minus assets at settlement price; Other securities assets recognized by Shanghai Stock Exchange.
3. The following assets of an account opened by an investor in a securities company can be included in the investor's assets: Public Offering of Fund share, private equity fund share, bank wealth management products, precious metal assets, etc.
4. The following assets in the fund account can be included in the investor's assets: the transaction settlement funds in the customer's transaction settlement fund account; Trading settlement funds in the stock option margin account, including the margin corresponding to the obligation warehouse; Other capital assets recognized by Shanghai Stock Exchange.
5. When calculating the assets related to various financing businesses, it shall be calculated according to the net assets, excluding the incorporated securities and funds.
(2) Identification of securities trading experience.
Individual investors' participation in A-share, B-share and stock trading listed in the stock transfer system can be counted as their time to participate in securities trading. Relevant trading experience begins with the first transaction of the investor's own one-code securities account on the Shanghai and Shenzhen Stock Exchanges and the share transfer system. The date of the first transaction can be inquired by the securities company to China for settlement.
Institutional investors who meet the requirements of laws and regulations and the business rules of Shanghai Stock Exchange can directly apply for opening the stock trading authority of science and technology innovation board without meeting the above conditions such as assets and trading experience.
When a securities company opens the trading authority of science and technology innovation board stock for investors, it shall require the customers who entrust the science and technology innovation board stock for the first time to sign the risk disclosure book of science and technology innovation board stock trading in paper or electronic form, and the risk disclosure book shall have the contents stipulated in the Necessary Provisions for the Risk Disclosure of Science and technology innovation board stock trading of Shanghai Stock Exchange, fully revealing the main risk characteristics of science and technology innovation board.
In the next step, the Shanghai Stock Exchange will also issue a business guide for the brokerage business of science and technology innovation board, including investor suitability management.