Trader account opening
How to activate GEM stock account permissions: You can operate it on the mobile software without going to the sales department.
Category 1: If you have obtained GEM stock trading permission before April 28, 2020, you only need to click "GEM Re-signing" in the trading software and business processing.
Category 2: If you fail to apply, you need to meet the following conditions and then click on the mobile phone business process to open the GEM.
The first condition: stock trading experience for more than 2 years.
The second condition: the average daily assets of the account on the 20th exceed 100,000 yuan.
trading rules
Article 1: The price limit for all GEM stocks will be 20%
Article 2: In the five trading days before listing, there is no price limit on price increases (no limit on price increases, no limit on price data).
Article 3: You can borrow and sell securities through margin trading from the first day of listing (if the stock price rises, you can go long with financing and make more money; if the stock price drops on the same day, you can go short by selling securities and make money when the stock price falls – go with the trend, never trade against the trend)
Article 4: Price Cage (You can’t pay as much as you want, there are price limits)
The purchase price cannot be higher than 102% of the purchase price
The selling price cannot be lower than 98% of the selling price
For example, if the current purchase price of a certain stock is 100 yuan, and you place an order for 103 yuan, the order will be invalid.
If the current selling price is 100 yuan and you place an order for 97 yuan, the order will be invalid.
Article 5: After-hours pricing transactions (GEM stock trading hours have been extended to 15:30)
After the market closes, 15:05-15:30 is the after-hours pricing trading time. At this time, the transaction price is fixed to the closing price, and transactions are executed in chronological order.
Pricing order entrustment time: Pricing orders can be placed from 9:15 to 15:30. Orders can be canceled before the transaction is completed.
However: buy orders lower than the closing price and sell orders higher than the closing price are invalid.
After the market closes at 15:00, you can set the closing price and buy or sell stocks.
Note: For after-hours pricing transactions, please choose the pricing entrustment system instead of the bidding trading system.
Temporary intraday trading suspension
In the five trading days before the listing of new shares, there are no price limits, but there will be temporary trading suspension regulations during the day.
Relative to the opening price of the day, if the first increase or decrease reaches 30% or 60%, trading will be suspended for 10 minutes.
If it is deemed to be abnormal intraday fluctuations, it will also require a temporary suspension.
During the trading suspension period, orders can be placed or canceled. During the resumption of trading, an intraday call auction will be conducted for the orders. If the trading suspension time exceeds 14:57 minutes, trading will be resumed at 14:57 minutes. After the resumption of trading, the intraday call auction will be conducted first, and then the closing call auction will be conducted.
Transaction disclosure information
Under what circumstances will it land on the Dragon and Tiger list?
First: the top 5 stocks with a closing increase or decrease of more than 15% on the day
Second: the top 5 with an amplitude of 30% on the day
Third: Top 5 with a turnover rate of 30% on the day
What situations will be warned by ST?
First: Production experience has been seriously affected and is not expected to recover within three months.
Second: The main bank account is frozen
Third: The board of directors cannot hold meetings normally and form board resolutions
Fourth: Providing funds to controlling shareholders or other related parties, or providing external guarantees in violation of regulations and the circumstances are serious
Fifth: Other circumstances determined by the exchange
Under what circumstances will *ST
First: The audited net profit in the most recent fiscal year is negative and the revenue is less than 100 million
Second: The audited net assets at the end of the most recent fiscal year are negative.
Third: The financial report for the most recent fiscal year is issued and it is impossible to express an opinion or a negative opinion.
Fourth: Delisting situations involving regulatory and major violations
