This article was first published on the public account.
Investors should all know that A-shares include the Shanghai and Shenzhen stock markets and four major sectors:
Shanghai Main Board Shanghai Science and Technology Innovation Board Shenzhen Small and Medium Enterprises Board Shenzhen GEM
Among them, there are no thresholds for the main board and the small and medium-sized board. Once you open a securities account, you will have trading permissions.
As for the mass entrepreneurship and innovation sectors (the GEM and the Science and Technology Innovation Board), trading permissions can only be opened after meeting conditions.
Why should we open mass entrepreneurship and innovation?
First of all, there are many opportunities for mass entrepreneurship (and of course higher risks), and the market performance is outstanding.
As mentioned in the previous article, regarding sector performance: Science and Technology Innovation Board > GEM > Small and Medium-sized Board/Main Board, I will not go into details here.
If you are interested, you can read: "Still Focusing Only on the Shanghai Composite Index?" The index is up 30%, but you may know nothing about it."
Secondly, dual innovation stocks account for half of the market. Without permission, new revenue will be significantly reduced.
This point of view has been analyzed in many new articles and has been demonstrated with actual data.
If you are interested, you can read: "Never win the new game?" Data analysis found that these 3 tricks can significantly increase the winning rate》
Mass entrepreneurship and innovation opening requirements
The requirements for GEM are:
Participated in securities trading for at least 2 years and had average daily assets of more than RMB 100,000 in the 20 trading days before the authorization was granted.
The requirements of the Science and Technology Innovation Board are:
Participate in securities trading for at least 2 years and have average daily assets of more than RMB 500,000 in the 20 trading days before the permission is granted.
Generally speaking, there are trading experience requirements: two years of trading (counting from the first transaction).
The other is the asset requirement, which requires a certain amount of average daily assets for 20 trading days.
The requirement for the GEM is 100,000, and the requirement for the Science and Technology Innovation Board is 500,000.
Open at 0 cost
Regarding the trading experience requirement, there is no good way. You must wait for two years.
The only thing you can do is to conduct a transaction as soon as possible after opening an account.
As for asset requirements, there is a lot of room for flexible operation.
The assets only need to meet the conditions. The assets can be stocks, convertible bonds, funds, cash or financial management, etc. The average assets of the previous 20 days are required to meet the conditions. If you have enough money, you can do it in one day (2 million will be released for one day)
Some people think 100,000 or 500,000 is too much, and they don’t have that much money.
In fact, there are many ways, and it all depends on human effort.
Once the time conditions are met, the cost of initiating mass entrepreneurship and innovation is very low, or even zero cost.
Nowadays, in order to attract account openings, many brokerages will launch high-yield financial services exclusive to novices.
For example, the annualized return of Moubao Securities in August 1st issue was 5.08%.
This rate of return can cover the general cost of capital, and it can achieve mass entrepreneurship and innovation rights at zero cost.
Click until now. If you still don’t understand, let’s chat privately…
Risk warning: Any opinions, analysis and predictions in this article do not constitute investment advice. The contents are personal opinions and are for reference only. Investors must be responsible for any investment decisions they make independently.
