Taking advantage of this loophole, the new stock party opened multiple accounts in a number of brokers in Hong Kong with real or fake mainland identity documents, and participated in the IPO of the same new stock in disguise, thus improving the winning rate and issuance ratio. However, it is difficult for the share transfer office to prove that it has repeated subscription or forgery, and there is no way.

According to the prospectus of You Ran Animal Husbandry, except qualified domestic institutional investor, China legal person or natural person may not subscribe for shares. Based on the principle of fairness, the IPO mechanism in Hong Kong has always allowed only one person and one account to participate.