What does it mean that the amount of new shares that can be purchased is insufficient?

Insufficient subscription quota for new shares means that there is no subscription quota for new shares. To subscribe for new shares in Shanghai stock market, you need to hold 1 000 and above Shanghai stock market for 20 consecutive trading days, and to subscribe for new shares in Shenzhen stock market, you need to hold 1 000 and above Shenzhen stock market for 20 consecutive trading days. Growth enterprise market and science and technology innovation board need to open trading rights separately.

The subscription for new shares of Shanghai Stock Exchange is 65,438+0,000 shares and their integral multiples, while the subscription for new shares of Shenzhen Stock Exchange, Growth Enterprise Market and science and technology innovation board Stock Exchange is 500 shares and their integral multiples.

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Rules for subscription conditions of new shares

In order to cancel the huge amount of funds to subscribe for new shares, the payment will be made after the number of placements is determined, emphasizing the independent decision-making of new share subscription, taking risks and taking responsibility for its own profits and losses. Brokers cannot accept investors' entrustment to subscribe for new shares.

Highlight the key points of issuance review, adjust the issuance supervision mode, strictly implement the issuance conditions stipulated in the Securities Law, and change the prudential supervision conditions into information disclosure requirements.

The public offering of shares with less than 20 million shares cancels the inquiry link, and the pricing is negotiated by the issuer's lead underwriter, which simplifies the IPO procedure, improves the IPO efficiency and reduces the IPO cost of small and medium-sized enterprises.

Subscription of new shares by market value means that investors can participate in online subscription of new shares only when they hold the unlimited-sale A shares in Shenzhen or Shanghai stock markets for more than 6,543,800 yuan, and the number of new shares subscribed by investors cannot exceed the subscription limit stipulated by the lead underwriter, nor can they exceed the subscription amount corresponding to the holding market value.

According to the regulations of Shenzhen Stock Exchange, the amount of online stock subscription can be determined according to the market value held by investors. Only investors whose market value exceeds 654.38 yuan+00,000 yuan can participate in the subscription of new shares. One unit can be subscribed for every 5,000 yuan, and the part that does not reach 5,000 yuan is not included in the subscription amount. According to the regulations of Shanghai Stock Exchange, the subscription amount of online stocks can be determined according to the market value held by investors, and can be subscribed for every 654.38 yuan +0 million yuan 1 share.

The subscription of new shares is to obtain the low-risk price difference income in the primary market and the secondary market, and does not participate in the secondary market speculation. Not only the principal is very safe, but also the income is relatively stable, which is an ideal investment choice for stable investors. The subscription of new shares is the investment method with the lowest risk and stable income in the stock market. IPO refers to the initial public offering of shares (IPO), which refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development.

The subscription of new shares is suitable for investors who have certain requirements on liquidity and risk tolerance, such as secondary market investors, bank financing investors and large enterprises and companies with idle funds.