The issuing and trading methods of preferred shares are as follows:

1. The issuing methods of preferred shares are divided into public offering and non-public offering;

2. The publicly issued preferred shares can be listed and traded on the stock exchange, and the non-publicly issued preferred shares can be transferred on the stock exchange;

3. Small and medium investors can invest indirectly by purchasing funds and wealth management products.

Legal basis

Article 3 of the Measures for the Pilot Management of Preferred Shares

Listed companies may issue preferred shares, while unlisted public companies may issue preferred shares in a private way.

article 24

the preferred shares issued by a listed company at the same time shall have the same terms. Prior to the completion of each issue of preferred shares, the preferred shares may not be issued again.

Article 32

The amount of preferred shares per share is 1 yuan. The issue price and coupon rate of preferred shares shall be fair and reasonable, and shall not harm the legitimate interests of shareholders or other interested parties, and the issue price shall not be lower than the par value of preferred shares. The price or coupon rate of public offering of preferred shares shall be determined by market inquiry or other public methods recognized by the CSRC. The coupon rate of non-public offering of preferred shares shall not be higher than the average annual weighted average return on equity in the last two fiscal years.