What are the requirements for issuing new shares?

To be eligible for new stock subscription, the market value of the stock in your hand must be more than 10,000 yuan 20 trading days before the subscription date. If you have more than 10,000 yuan in the Shanghai stock market, you can subscribe for new shares in the Shanghai stock market. If the market value is more than 10,000 yuan, you can purchase new shares in Shenzhen. New GEM shares need to be granted GEM authority. Conditions for the opening of GEM: After two years of general securities trading, the new bottom position here must be A shares. New share subscription times are as follows: 9:30-11:30 am, 13:00-15:00 pm On the day of subscription, you can check the corresponding new share subscription amount based on the market value of the shares you hold. The specific rules are as follows: Shanghai Stock Exchange: A stock with a market value of 10,000 yuan can subscribe for 1,000 shares; Shenzhen: A stock with a market value of 5,000 yuan can purchase 500 shares. Depending on the subscription amount, you will get the corresponding new stock numbers, as follows: Shanghai Stock Exchange: 1 number for every 1,000 shares, Shenzhen Stock Exchange: 1 number for every 500 shares. If a person has different accounts, only one of the accounts can be used for subscription. The winning numbers will be announced the day after the subscription date. Usually a text message reminder will be sent. If you didn't receive it, you can find it in your account. New share subscription amount = winning number × new share issuance price. For example, if you are a new stock on the Shanghai Stock Exchange, the first auction is for 1,000 shares. Assuming that the issuance price of new shares is 20 yuan per share, a subscription amount of 20,000 yuan needs to be paid. Before 16:00 on the same day, your stock account requires 20,000 yuan. After winning the bid, there was no money to pay. Once you are exempted from payment three times within 12 consecutive months, you will be put on the "blacklist" and cannot be renewed for the next six months. After the new shares are won, they will be listed in about 1-2 weeks from the date of subscription, depending on the listed company. After a new stock is listed, the first-day increase is limited to about 40%. The better the stock market is, the more new stocks will hit the daily limit. If the stock market is not doing well, new profits will fall.