What does the subscription quota of new shares mean?

The subscription amount of new shares shall be stipulated by the Shanghai Stock Exchange, and the online subscription amount shall be determined according to the market value held by investors. Every 654.38 million yuan of market value can buy 1 subscription unit, and the part less than 654.38 million yuan is not included in the subscription quota. Each subscription unit is 65,438+0,000 shares, and the number of subscriptions is 65,438+0,000 shares or an integer multiple thereof, but at most it does not exceed one thousandth of the number of online initial public offerings at that time.

Different from the Shanghai Stock Exchange, the Shenzhen Stock Exchange stipulates that one subscription unit can be purchased for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription amount. Each subscription unit is 500 shares, and the number of subscriptions is 500 shares or an integer multiple thereof, but the maximum number shall not exceed one thousandth of the initial number of shares issued online at that time.

Calculation of subscription quota for new shares:

The market value held by investors shall be taken as the unit of investors and calculated according to the daily average market value held in the first 20 trading days (including T-2) of T-2.

Where an investor holds more than one securities account, the market value of the multiple securities accounts shall be calculated together.

The calculation method of the daily market value of investors' related securities accounts is to multiply the number of stocks included in the market value calculation in the securities accounts on that day by the corresponding closing price.