How to open GEM? Currently, there are two situations for opening GEM authority, one is for those who have already opened the GEM, and the other is for those who have not yet opened the GEM.
1. Individual investors who have previously opened the GEM can sign a GEM transaction risk agreement in accordance with the requirements of the securities firm.
2. For individual investors who have not yet opened the GEM and newly apply for the GEM trading authority, they need to meet two conditions:
1. Securities in the 20 trading days before the authority is opened The average daily assets in the account and capital account should not be less than RMB 100,000 (excluding funds and securities financed through margin trading);
2. Participate in securities trading for more than 24 months.
To newly open the GEM trading authority, you need to go to the securities company's sales department to activate it on-site, sign a risk agreement, etc., and you need to open an account during trading hours.
To open a GEM account for the first time, you need to go to the counter of the securities company to handle it, and it cannot be done on weekends. You need to go to the securities company with your personal ID card to fill in the application materials and submit an application for opening; the securities company will based on the identity certificate provided by the investor. , application materials, risk preferences and other basic information for evaluation; under the guidance of the business manager, sign the risk notification letter, record the review video, and after verification by the securities company, you can open GEM market transactions.
The following is a detailed explanation of the three major conditions:
(1) Average daily assets of 100,000 and above in 20 trading days. Many people will misunderstand this condition.
First, 20 trading days, remember that this is a trading day, not 20 days, it is easy for everyone to make a mistake.
Second, if the daily average assets are 100,000, the focus is on assets. Assets include stock market value and funds. Some people will understand that if the daily average assets are more than 100,000, you must buy stocks. This understanding is wrong.
So one of the conditions for opening the GEM is to pay attention to the following two points.
(2) You must have 24 months of trading experience. This condition is easy to understand. 24 months refers to 2 years, as long as your shareholder account has been opened for 2 years.
Trading experience does not mean that you must trade and you cannot take a short position. In fact, it only takes 2 years to open an account.
(3) The risk test rating is positive, because the GEM business risk level will be medium risk from May 18, 2020.
The risk levels of stock securities accounts are divided into the following five levels:
Conservative investors
Prudent investors
Steady investors Investors
Active Investors
Active Investors
The risk level of GEM is medium risk, so the authority to open a GEM account must be active , please be aware that those with levels below the active level cannot open the Science and Technology Innovation Board.