What does the 20 14 subscription rule mean?
Two days before the subscription of new shares, if the account holds the market value of 10000 yuan in Shanghai and 5000 yuan in Shenzhen, you can subscribe for new shares on the day of subscription.
For example, by the subscription date of new shares on T, you have "Shanghai Stock Exchange" in your account, and the number of shares available for sale is 3,000, so you can subscribe for 3,000 shares issued by Shanghai Stock Exchange with the money from the margin.
Shenzhen is also allocated in this way. The value of Shenzhen stock market is 1 10,000 yuan, the number of "Shenzhen new shares" can be sold 1 10,000 shares, and the subscription is 1 10,000 shares. In addition, the market value of subscribed new shares can be reused. For example, there are 65,438+00 shares issued on the day of subscription in Shenzhen, and you can apply for the purchase of 65,438+0,000 new shares in Shenzhen, as long as your account has enough money. To (T+2), there are two lottery numbers for each 1000 shares /500 shares.
Similarly, in Shanghai, there are 3000 "Shanghai new shares" available for sale in your account. If 2 shares are issued on the day of subscription in Shenzhen, you can apply for 3000 shares for each new share, and allocate the lottery number to (T+2): 3000 shares/1 000, with 3 lottery numbers.
It should be noted that each issue of new shares can only be subscribed once, and once declared, it cannot be revoked.
Shanghai can only subscribe for the shares issued by Shanghai when the saleable number of shares of "Shanghai New Shares" or "Shenzhen New Shares" with subscription quota is allocated; The Shenzhen Stock Exchange can only subscribe for the shares issued by the Shenzhen Stock Exchange and cannot buy them by mistake; It is invalid to exceed the saleable quantity.
Shenzhen subscription time: 9:15-1:30, 13:00- 15:00 on T.
Subscription time in Shanghai: 9:30- 1 1:30, 13:00- 15:00 on T.
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