Now that the Science and Technology Innovation Board has been officially listed, the rules for innovation on the Science and Technology Innovation Board are still not clear to many retail investors. So how does the Science and Technology Innovation Board participate in innovation? Participate in the Science and Technology Innovation Board. What conditions are needed for innovation?

1. Steps for innovation on the Science and Technology Innovation Board

1. Prepare an account for the Science and Technology Innovation Board

According to the current regulations, individual investors want to To open an account on the Science and Technology Innovation Board, you must have assets starting from 500,000 yuan and participate in securities trading for two years. Only then can you be qualified to open an account on the Science and Technology Innovation Board. According to statistics, there are only about 3 million investors in the A-share market who have assets of 500,000 yuan. 99.64 people have been turned away; therefore, the first step for individual investors who want to refer to the new investment is that if they meet the conditions, they can open an account on the Science and Technology Innovation Board and wait for the new investment.

What should we do if we are individual investors who do not meet the conditions for opening an account on the Science and Technology Innovation Board? Can we not refer to the Science and Technology Innovation Board to open a new account? The answer is no. Investors who do not have an account on the Science and Technology Innovation Board can do it. Indirectly participating in the innovation of science and technology innovation board funds means that the funds of the fund company are indirectly involved in the creation of innovation.

2. Qualified for listing on the Science and Technology Innovation Board

According to the rules for listing new shares on the A-share market, as long as you have a shareholder account and hold stocks with an average market value of more than 10,000 yuan for 20 trading days, you can Qualified to participate in new games.

In addition, according to the market value allocation regulations of the Science and Technology Innovation Board, the market value of the Science and Technology Innovation Board is based on the market value of the Shanghai Main Board. This means that those who want to refer to the Science and Technology Innovation Board for innovating must first hold Shanghai Main Board stocks. Only those holding Shanghai Main Board stocks are eligible to participate in the Science and Technology Innovation Board. You also need to hold stocks on the Shanghai Main Board for an average of 20 trading days of more than 10,000 yuan to be eligible to participate in the Science and Technology Innovation Board. Remember, the market value of the Shanghai Main Board shall prevail.

3. New subscription

After passing the above two steps, you are already qualified to participate in the new subscription on the Science and Technology Innovation Board. Now the last step is to make a new subscription; the new subscription is not automatic. Yes, manual subscription is required. When the Science and Technology Innovation Board is listed on the Science and Technology Innovation Board, you can log in to your Science and Technology Innovation Board account and enter one-click purchase. After playing new games, it depends on character and luck.

As shown in the picture above: At present, the first batch, second batch, and third batch of IPOs on the Science and Technology Innovation Board will gradually begin. It is very likely that the first batch of lists on the Science and Technology Innovation Board will be composed of the following stocks: Montage Technology and China Micro. Semiconductors, Jingchen Semiconductor, New_Technology, Anlu Information, etc.

2. Subscription requirements for new shares on the Science and Technology Innovation Board

Trading permissions on the Science and Technology Innovation Board have been opened, and on T-2 ( The average daily total market value of non-restricted A-shares and non-restricted depositary receipts held in the Shanghai market in the first 20 trading days (including T-2 days) is more than 10,000 yuan (two trading days before the subscription date).

Instructions for Subscription of New Shares on the Science and Technology Innovation Board

One subscription unit can be purchased for every 5,000 yuan in market value, and the portion less than 5,000 yuan will not be included in the subscription quota. Each new share subscription unit is 500 shares, and the subscription quantity should be 500 shares or an integral multiple thereof, but the subscription upper limit shall not exceed one thousandth of the number of shares initially issued online.

Calculation of winning rate

Data show that individual investors are still enthusiastic about the Science and Technology Innovation Board. Under the high threshold of "20 trading days, average account assets of 500,000 yuan, and more than 2 years of stock trading experience", nearly 3.2 million individual investors have opened access to the Science and Technology Innovation Board.

As for the issue of winning rate, Shenwan Hongyuan (000166, Diagnostic Stock) has previously given a prediction that if the number of online subscription accounts in the initial stage of the launch of the Science and Technology Innovation Board is between 2.5 million and 3.5 million, the online winning rate will be It won't go down.

The total share capital after the issuance is ≤ 400 million shares: the online lottery winning rate of the Science and Technology Innovation Board is about 0.044-0.120, which is about 75-91 higher than other A-share sectors.

The total equity after the issuance is >400 million shares: the online lottery winning rate of the Science and Technology Innovation Board is about 0.023-0.104, which is about 16-39 higher than other A-share sectors.

Investors who are not qualified to subscribe can use funds to participate in new investments

At present, the number of investors in Shanghai and Shenzhen stock markets is 151 million, while the number of accounts opened on the Science and Technology Innovation Board is only 2.7 million. The ratio is only 1.78. In fact, the vast majority of investors cannot directly participate in innovation on the Science and Technology Innovation Board, and investors who cannot participate in innovation can also use public funds to participate in innovation on the Science and Technology Innovation Board.

Public funds listed offline on the Science and Technology Innovation Board belong to Class A investors and can obtain a higher offline allocation ratio, thereby increasing fund income to a certain extent. In addition, you can also choose to participate in the newly established science and technology innovation theme fund.