These two days

A news brush screen for the financial circle

Based on the existing new three board selection

Composes Beijing Stock Exchange

Build a service innovative SME main position


66 select layers have been happy to open,

Today full screen is big

The goal of the desired layer of corporate is

Turning plate GEM, Kechuang Board


The status is different in an instant

Beijing Stock Exchange System –

1, the overall translation select layer basic system

2, adhering to the listed company of the Beijing Stock Exchange is generated by the innovative layer company, and the new listed company is a 12-month innovative layer company in the new three board

3, the pilot public issuance registration system The arrangements are consistent with the KBM and the GEM, and the intermediary responsibility is implemented.

We introduce the introduction

The existing stock trading system of the selected layer

01 , Trading time

According to the existing rules

The bidding transaction time and the GEM in the selection layer are almost

After the bidding transaction is over, after the end of the bidding transaction

There are also half an hour of transaction time

can declare the big transactions all day

The transaction is only half an hour

The number of single declarations in bulk transactions is not less than 100,000 shares

The amount of transaction is not less than 1 million

02, the rising decline limit

September 3

Beijing Stock Exchange

The first day of the listing does not set up a decline limit

The next day begins for 30%

Quote change this limit

The same applies to large transactions


Under the current system of selection layers when designing

no price limit

with a corresponding fuse mechanism –

of continuous auction stock intraday price than the opening price the day

for the first time Change reached or exceeded 30%, 60%

each suspension 10 minutes

However, no matter how long time the stock suspension

must be in all 14 : 57 resumption

then accepted the declaration were to resume trading call auction

then closing call auction

03, the price of cage

according to the existing selection of layer-trade system

regardless of the day no price limit, when

investors in a limit order

should be in a certain price range the minimum price is more than 10 or 105% of the unit price changes within the declaration buy the base

declared buy buying price does not exceed the standard value (subject to the higher one);

sell declared value of not less than 95% of the selling price of the benchmark reference price or sell the following 10 minimum tick size (whichever is the lower order).

Here buy the base price is “selling a”

sell the base price is “buy one”

04, to open an account threshold

According to the current the provisions of

want to trade three new board stock

in addition to the above must have two years of experience in securities investment

had a little “capital”

because of the higher threshold

overall liquidity three new board is not high

source: National SME share transfer system official website

so the market very concerned about the future will not lower the threshold, which, regulators represent September 3, according to the Beijing securities tradingThe characteristics of SMEs will continue to adhere to the investors appropriate management system, prevent investment hype, guiding the formation of long-term rational investment culture. The Securities Regulatory Commission will continue to assess the market operation in accordance with the construction of the Beijing Stock Exchange, continue to assess the market operation and continuously improve the appropriate management system of the investor.

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