1. The assets in the securities account and the capital account are not less than RMB 1, per day in the 2 trading days before the application authority is opened (excluding the funds and securities that the investor has integrated through margin financing and securities lending);

2 Having participated in securities trading for more than 24 months;

3 sign the gem investment risk disclosure book to ensure that it knows the relevant risks.

as long as the shareholders' securities meet these three conditions, they can apply for opening the trading authority of the Growth Enterprise Market. After signing the Investment Risk Disclosure Statement of the Growth Enterprise Market for two trading days, the securities company can complete the relevant verification procedures, and then the trading of the Growth Enterprise Market can be opened. Investors can also withdraw their application for opening during this period.

for the first time to apply for permission to open GEM, it is best for me to bring my ID card to the local business department. If it is not the first time to open GEM, investors can sign it with one click on the trading software on their own on the basis of meeting the conditions.

The authority to purchase securities on GEM requires two years' experience, because the risk of GEM stocks is relatively high. For those investors who have not had two years' trading experience, in principle, they are not encouraged to directly participate in GEM market transactions, but investors can indirectly participate by purchasing GEM investment funds and wealth management products.

Stock Exchange: A stock exchange is a formal organization approved by the securities management department, which provides a fixed place and relevant facilities for centralized trading of securities, and formulates various rules to form fair and reasonable prices and orderly order.

(1) Stock is a proof of capital contribution. When a natural person or legal person invests in a joint-stock company, it can be obtained as a proof of capital contribution;

(2) The holders of shares prove their shareholder status by virtue of their shares, attend the shareholders' meeting of the joint-stock company and express their opinions on the operation of the joint-stock company;

(3) Shareholders participate in the profit distribution of share-issuing enterprises by virtue of their shares, which is commonly referred to as dividends, so as to gain a certain influence on the economic stock market.

every stock in the same category represents equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of the shares held by each shareholder in the total share capital of the company. Generally, stocks can be transferred with compensation by buying and selling, and shareholders can recover their investment through stock transfer, but they cannot ask the company to return their investment. The relationship between shareholders and the company is not a creditor-debtor relationship. Shareholders are the owners of the company, and they are limited to their capital contribution, taking risks and sharing profits.

dividends: the income that the stock holders get from the joint-stock company with their stocks is dividends. The distribution of dividends depends on the company's dividend policy. If the company does not distribute dividends, shareholders have no right to receive dividends. Preferred shareholders can get a fixed amount of dividends, while the dividends of ordinary shareholders are related to the company's profits.

the dividends of ordinary shareholders are distributed after those of preferred shareholders, and the ordinary shareholders have the right to distribute dividends only after all preferred shareholders have fully received the dividends they have promised. Stock is only the ownership certificate of the actual capital owned by a joint-stock company, and it is the certificate to participate in the company's decision-making and claim dividends. It is not the actual capital, but only indirectly reflects the situation of the actual capital movement, thus showing itself as a kind of virtual capital.

price limit board: the system originated from the early foreign securities market. It is a trading system in the securities market to properly limit the price fluctuation of each stock on the same day in order to prevent the price from soaring and plunging and curb excessive speculation, that is, it is stipulated that the maximum fluctuation range of the trading price in a trading day is a few percent above and below the closing price of the previous trading day, and trading will be stopped after exceeding it. The current price limit system in China stock market was issued on December 13th, 1996 and implemented on December 16th, 1996.

according to the system, except for the first day of listing, the trading price of stocks (including A and B shares) and fund securities in a trading day shall not exceed 1% compared with the closing price of the previous trading day, and the fluctuation of ST shares shall not exceed 5%. Entrustments exceeding the price limit shall be invalid. The main difference between China's price limit system and foreign systems is that after the stock price reaches the price limit, the trading is not completely stopped, and the trading at or within the price limit can continue until the market closes on the same day. In foreign mature stock markets, when the stock market fluctuates greatly, the limit of price limit of individual stocks is started.