Way 1: Open Sections Creative Board Trading Rights to Participate Directly
According to the Special Regulations on Stock Exchange of Shanghai Stock Exchange, individual investors have a clear threshold for entry, which requires that they must meet two conditions. One is that the assets in the securities account and capital account should not be less than RMB 500,000 yuan in the 20 trading days before the application authority is opened, and the other is that they should participate in securities trading for more than 24 months.
Individual investors who meet the requirements may apply to securities firms for the right to open a new companys stock market. After the opening of the new companys stock market, they can make new business in the primary market and the secondary market.
The advantage of this trading method is that it can directly participate in the trading of the GEM, and has the autonomy of trading decision-making.
However, the disadvantages are that the participation threshold is high, the competition is fierce, and the proportion of new shares in the primary market is low.
Simply speaking, there are three main ways to innovate the company: strategic allocation, online subscription and online subscription. The first two are for institutional investors, while online subscription is mainly for individual investors. Broadly speaking, through these three channels, we can participate in the innovation of the company.
Generally speaking, these three ways have their own advantages and disadvantages. The following will be a detailed analysis of how to participate in the innovation of science and technology innovation board through these three ways, as well as the actual composition of product returns.
Advantages: directly participating in the new share purchase, the return is the new return of science and technology innovation board;
Disadvantages: high participation threshold, fierce competition, low proportion of distribution;
Suitable for the crowd: investors with investment experience and capital.
Two years of investment experience: more than 24 months of participation in securities trading, that is, more than two years of experience in securities market investment.
2. Satisfy the conditions of online purchase of Kechuangban Daxin
10,000 yuan Shanghai Stock Market Value: According to the average daily holding market value of 20 trading days before T-2 (including T-2), Shanghai stock market value of more than 10,000 yuan can participate in online bidding, and every 5,000 yuan market value can apply for a unit;
Maximum number of subscriptions: not more than one thousandth of the initial online issuance of grade, and not more than 99.9995 million shares.
Note: The market value is calculated only for Shanghai Stock Exchange, but not Shenzhen Stock Exchange. The market value is calculated on the basis of investors, and the single investors multiple accounts are combined. The market value calculation includes the market value of margin trading account.
Only one securities account can be used for bidding: investors can only use one securities account to participate in online public offering of shares.
If the same investor uses multiple securities accounts to participate in the purchase of the same GEM new stock, or the investor uses the same securities account to participate in the purchase of the same GEM new stock for many times, then the first purchase of the investor is an effective purchase, and the rest of the applications are invalid.
No advance capital: Online investors do not need to pay the subscription funds when submitting the online subscription Commission for new shares in GEM. After winning the new shares, the investor should fulfill the obligation to pay the funds according to the result of winning the new shares and ensure that his capital account has full subscription funds for the new shares at the end of T+2.
Mode 2: Invest in products such as public offering funds and buy new products online
Advantages: low participation threshold, more funds can be chosen, and the proportion of new shares allotment in KSG is inclined to institutional investors.
Disadvantage: There are many participating organizations, and the final product income comes from many aspects.
Suitable for the crowd: ordinary investors who intend to participate moderately in Kechuangbao.
Specifically, at present, all public funds that can invest in A shares can invest in science and technology to create new boards, but the proportion of investment will vary. Therefore, if investors want to invest more specifically in science and technology innovation board, they can directly buy science and technology innovation theme funds; for example, six open-ended science and technology innovation theme funds have been issued before, namely: China Science and Technology Innovation Mixed Securities Investment Fund, Yifangda Science and Technology Innovation Mixed Securities Investment Fund, Jiashi Science and Technology Innovation Mixed Securities Investment Fund, Southern Science and Technology Innovation Mixed Securities. Investment funds, Rich Country Science and Technology Innovation flexible allocation of hybrid securities investment funds, add Rich Science and Technology Innovation flexible allocation of hybrid securities investment funds.
And the common equity funds will generally make uniform distribution of investment in each sector of A shares.
The following two points should be paid attention to in the process of participating in the innovation of science and technology board through public offering fund:
2. Does the Fund Manager Intend to Participate in Innovation
Before investing, it is suggested to communicate with the financial adviser and ask if the fund manager of this product intends to participate in the innovation of SCM. If the investment manager expressly expresses that he does not participate in the innovation of SCM, it will not be a waste of effort.
Advantages: Clear investment purpose, anchoring the board, priority over online and offline purchase allocation;
A List of Six Strategic Allocation Funds and the First and Second Generation Theme Funds
In summary, we can draw such investment proposals:
1. Those who satisfy the assets scale of 500,000 yuan and 2 years of investment experience can directly participate in online bidding for new shares in the GEM.
2. Those who fail to reach the investment threshold and want to participate in the venture capital investment can purchase public funds, especially those with the theme of venture capital.
3. Looking forward to the long-term investment of Kechuang board, and want to maximize participation in making new products of Kechuang board, it is suggested that Kechuang strategic distribution fund be purchased directly.