No, issuing new shares requires the market value of the stock. To issue new shares on the Shanghai Stock Exchange, you need to hold 10,000 or more stocks in the Shanghai Stock Exchange for 20 consecutive trading days. To issue new shares in the Shenzhen Stock Exchange, you need to hold 1,000 or more shares for 20 consecutive trading days For Shenzhen Stock Exchange stocks of RMB 10,000 and above, trading permissions need to be opened separately for new stocks on GEM and STAR Market.

Each subscription unit for new shares on the Shanghai Stock Exchange is 1,000 shares, and each subscription unit for new shares on the Shenzhen Stock Exchange, GEM and Science and Technology Innovation Board is 500 shares.