What are the trading methods on the GEM?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)", and the trading methods of the GEM **: The GEM ** has been changed from the original auction transactions (call auction, continuous auction) and block transactions to auction transactions (call auctions, continuous auctions), after-hours pricing transactions and block transactions.
GEM ** Limit on Rise and Fall?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)", and the rise and fall of the GEM ** will be adjusted from 10% to 20% after the fifth trading day.
Reminder: +20% limit during auction trading, applicable to all GEM markets**.
What is the limit on the number of single entrustment declarations on the GEM?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)". GEM declaration quantity requirements:
The number of shares declared in a single transaction shall not exceed 300,000 shares
The number of shares declared in a single transaction shall not exceed 150,000 shares
The number of shares declared in a single entrustment declaration for after-hours pricing declaration shall not exceed 1 million shares.
Tips: **Declare 100 shares or multiples thereof.
What is the effective bidding range for continuous auctions on the GEM**?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)". Effective bidding range during the continuous auction period of the GEM:
The price limit declared in the continuous auction stage shall not be higher than 102% of the benchmark and the higher value of the minimum change unit of ten bids above the benchmarkThe sell bid shall not be lower than 98% of the sell benchmark ** and the lower value of the minimum change unit of ten bids below the sell benchmark **.
Tips: 1) The definition of benchmark** is:
*(Sell) Basis**, which is the lowest sell (highest**) claim that is immediately revealed;If there is no immediate disclosure of the lowest sell (highest**) claim, it is the highest ** (lowest sell) claim immediately revealed;If there is no immediate disclosure of the highest ** (lowest sell) bid, it is the latest transaction price;If there is no transaction on the same day, it is the previous ** price.
2) This rule does not apply to limit price declarations that are in the stage of temporary suspension during the market opening period.
3) The declaration that exceeds the scope of the valid application at the time of declaration is invalid.
Under what circumstances will the intraday temporary suspension mechanism of the GEM ** be triggered?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)". When trading on the GEM**, if one of the following circumstances occurs, the temporary suspension mechanism of the GEM will be triggered, and trading will be suspended for 10 minutes after the trigger;
1) Intraday trading without limit on the rise and fall of the market for the first time or 30% of the opening of the day
2) Intraday trading without limit on the rise and fall of ** for the first time ** or ** reaching or exceeding 60% compared with the opening of the day;
3) Other circumstances determined by the CSRC or the Exchange to be abnormal intraday fluctuations.
What is the temporary suspension mechanism of the GEM?
Hello, according to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the new regulations will be implemented from the first day of the issuance and listing of the first ** listed in the "Administrative Measures for the Registration of Initial Public Offerings on the Growth Enterprise Market (Trial)". After meeting the conditions for triggering the intraday temporary suspension mechanism of the GEM**, the temporary suspension mechanism will be triggered, and the suspension time will be arranged as follows:
1) A single intraday temporary suspension lasts for 10 minutes
2) If the suspension time spans 14:57, trading will resume at 14:57 on the same day, and the accepted declaration will be resumed call auction, and then the ** call auction will be conducted
Tips: During the temporary suspension of intraday trading, you can declare or cancel the declaration, and when you resume trading, you can implement intraday call auction for the accepted declaration.
What is GEM After-Hours Pricing Trading?
After-hours pricing transaction refers to the transaction method of continuous matching of the after-hours pricing and buying and selling declaration on the same day at the ** price of the day in accordance with the principle of time priority after the ** transaction of the GEM.
Tips: According to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the "GEM Initial Public Offering ** Registration Management Measures (Trial)" will be issued and listed on the first day of the first ** listing of the first ** listed on the new GEM ** after-hours trading method.
What should I pay attention to when entrusting GEM after-hours pricing?
Hello, you need to pay attention to the following aspects when you conduct after-hours pricing transactions on the GEM:
1) Time:
After-hours pricing trading hours are from 15:05 to 15:30 on each trading day.
The reporting time for after-hours pricing transactions is from 9:15 to 11:3013:00 to 15:30 on each trading day.
If trading is suspended during the market opening, the declaration can continue during the suspension period. If trading is still suspended at 15:00 on the same day, after-hours pricing transactions will not be conducted. During the time when the declaration is accepted, the declaration that has not been completed can be revoked. The cancellation order is valid only if it is confirmed by the exchange's trading host. After-hours pricing is valid on the day of filing.
2) The after-hours pricing declaration of ** limit price is lower than ** price or sell limit price is higher than ** price is invalid.
3) Quantity: The number of a single declaration for after-hours pricing declaration shall not exceed 1 million.
Share. 4)**Display: From 9:15 to 15:05 on each trading day, after-hours pricing declaration is not included in the real-time**;From 15:05 to 15:30, after-hours pricing declaration and transaction will be included in the real-time**.
Tips: According to the notice of the "Special Provisions on the GEM Trading of the Shenzhen ** Exchange" issued by the Shenzhen Stock Exchange, the "GEM Initial Public Offering ** Registration Management Measures (Trial)" will be issued and listed on the first day of the first ** listing of the first ** listed on the new GEM ** after-hours trading method.