The First Day Of IPO Will Increase Trading Time.

To meet the smooth implementation of the SFC's IPO reform measures, the Shanghai and Shenzhen Stock Exchange announced yesterday that it would adjust the first day trading mechanism.

1. The Shanghai Stock Exchange cancelled the control measures of "5 minutes before the closing price should not exceed 120% and 80% of the opening price", and declared the price only to implement the control measures that "the bidding stage should not exceed the issuing price 120% and 80%" and "the continuous bidding stage should not exceed 144% and 64% of the issue price".

Two, the Shenzhen Stock Exchange stipulates that the effective declaration price of all day investors on the first day of stock listing shall not be higher than 144% of the issue price and shall not be lower than 64% of the issue price, and the declaration exceeding the scope of effective declaration price is invalid.

On the first day of stock listing, the effective auction price range is the upper and lower 20% of the issue price. A declaration that exceeds the effective opening price range but fails to exceed the range of effective declared price can not participate in the open auction. aggregate Bidding stage If the opening price is not opened, the first transaction price will be opened at the opening price.

Three. Shanghai Stock Exchange When the intraday share price rose or fell more than 20%, the second suspension of the intraday trading was abolished, and the suspension lasted for 30 minutes only when the intraday share price rose or fell more than 10%, so as to solve the problem of too short transaction time on the first day of IPO.

The Shenzhen Stock Exchange cancelled the temporary suspension threshold for the first time or 20% of the opening price, and the temporary suspension time of the 10% suspension threshold was adjusted from 30 hours to 1 hours. On the first day of stock listing, the closing price is 1457 to 1500, and the closing price is generated through collective bidding. At the closing auction stage, the declaration is not allowed.

The head of the Shanghai Stock Exchange said that China Stock market There has always been a habit of speculation of new shares, the Shanghai Stock Exchange will increase the monitoring of new shares trading behavior, and hope that the majority of investors will participate in the new shares transactions rationally and avoid unnecessary losses due to blindly following the trend of speculation.

On the evening of June 13th, the SFC announced the thirty-ninth batch of 11 enterprises' pre disclosure and pre disclosure update information. Jiangsu well Shen salinization Limited by Share Ltd and Changzhou Shenli electric motor Limited by Share Ltd were listed, plus 480 of the 38 batches previously disclosed. 491 enterprises have released pre disclosure or pre disclosure update information.