1. Trading time of stock entrustment
- The call auction time is from 9:15 to 9:25 in the morning, in which orders can be canceled from 9:15 to 9:20, orders cannot be canceled from 9:20 to 9:25, and the opening price is the price with the largest trading volume at 9:25 ;
- The continuous bidding time is from 9:30 to 11:30 in the morning and from 1:00 to 3:00 in the afternoon;
- The bidding generally follows the principle of price priority and time priority.
2. Commissioning rules
- 1 lot = 100 shares, 1-99 shares are zero shares, less than 1 share is odd shares, and the purchase order must be a hundred shares, except for allotment shares;
- The order to sell can be zero shares, but if it is zero shares, it must be sold at one time;
- The entrustment is invalid during the stock suspension period, the entrustment to buy is not an integral multiple of 100 shares (except for allotment shares) is invalid, and the entrustment price exceeds the price limit.
Three, T+1 trading system
Stock trading implements the T+1 trading system, that is, the stocks bought on the same day can only be sold on T+1 days, and the stocks sold on the same day can only be withdrawn in cash, but the money from selling stocks can be used to buy other stocks.
4、Price limit of each plate
- Main Board (Shanghai Stock Exchange/Shenzhen Stock Exchange)
Normal stock: the price limit is 10% (except the first day of listing).
*ST/ST stock: the price limit is 5%. - Science and technology innovation board (beginning with 688) and Growth Enterprise Market (beginning with 300)
Normal stock: the price limit is 20%.
*ST/ST stock: the price limit of **20%** is also applicable. - North Exchange (Beijing Stock Exchange)
All stocks: the price limit is 30% (except for the first day of IPO and the first day of delisting period).
5、Stock trading restricts the purchase of tickets
- Do not buy securities with warrants that can be traded at T+0;
- Do not buy stocks with ST and * ST.
- It is not allowed to buy new shares (or stocks on the first day of resumption of trading) within 30 days of listing, and other stocks that do not have price limit on the same day;
- Do not engage in transactions that violate the laws and regulations on stock trading and the provisions of securities companies, such as sitting in the village, knocking, taking orders, block trading, insider information, etc.;
- Do not buy stocks with prices lower than 3 yuan's.
6、Trading rules
- Stocks bought on the same day cannot be leveled on the same day, even if they wear positions.
- Loss warning line: When the total allocated funds are below the warning line (50% of the loss margin), you need to pay more attention to the trend of the tickets in the position.
- Loss liquidation line: When the total allocated funds are below the liquidation line (80% of the loss margin), we will have the right to liquidate all positions in the contract. To avoid liquidation, please always pay attention to whether the principal is sufficient.
- After the system is leveled, it is necessary to make up the position to the warning line before re-using the contract.
- Exemption from warehouse penetration: the contract principal loses in full, and when it exceeds the principal loss, it is regarded as warehouse penetration! Our platform promises that all losses that exceed the principal will be borne by our platform, and customers will not bear the responsibility of wearing positions.
- Expand the contract: expanding the margin is to increase your trading principal, and the corresponding management fee will be charged for the expanded funds, and the warning line and the flat warehouse line will change at the same time.
- Make up for losses by chasing insurance: additional margin is to increase your total contract value and available balance of the contract, and supplement the loss amount, so that the total contract value is higher than the strong level line to avoid being forced to level.
- There is no threshold for buying science and technology innovation board and GEM.