科创板委托交易规则 科创板委托交易规则详解

科创板委托交易规则 科创板委托交易规则详解

Investors participating in the trading of Science and Technology Innovation Board stocks on March 27, 2020, must use A-share securities accounts in the Shanghai stock market. Investors meeting the suitability conditions for Science and Technology Innovation Board stocks only need to apply to the securities firm to which they entrust and open the trading permission for Science and Technology Innovation Board stocks on their existing A-share securities accounts, without the need to open a new securities account in China Clearing.

1.1 仅需向证券公司申请的科创板交易权限

Only need to apply to the securities firm for trading permission on the Science and Technology Innovation Board.

1.2 不需要开立新的证券账户

No need to open a new securities account.

If the seller chooses to declare according to the best price of the counterparty, the declared quantity is 500 shares, then the declared selling price is the buying price, which is 10 yuan as the declared price for declaration, and the transaction is immediately matched with the first buying price.

2.1 对手方最优价格申报方式详解

Detailed explanation of the best price declaration method of the counterparty.

2.2 市价委托中的“保护限价”规则

The "protection limit price" rule in market order entrustment.

I. Auction trading

II. Fixed price trading after market

III. Block trading

Additional information: Detailed explanation of the Science and Technology Innovation Board stock trading rules: I. Auction trading

A. Trading time (declaration time)

1. Opening call auction: 9:15-9:25

2. Continuous auction: 9:30-11:30, 13:00-14:57

3. Closing call auction: 1...

3.1 竞价交易的交易时间

Explanation of the trading time for auction trading.

3.2 盘后固定价格交易规则

Rules for fixed price trading after market.

Different from the Shanghai main board market, investors trading Science and Technology Innovation Board stocks through limit price declaration should have a single declaration quantity of not less than 200 shares and not more than 10,000 shares. Investors trading through market price declaration should have a single declaration quantity of not less than 200 shares and not more than 50,000 shares.

4.1 限价申报的股数要求

Requirements for the number of shares in limit price declarations.

4.2 市价申报的数量限制

Quantity restrictions for market price declarations.

Investors participate in Science and Technology Innovation Board stock trading through the following methods: Auction trading, fixed price trading after market, which means that after the closing auction, the exchange system matches the closing price declarations in time order, and the transaction is based on the closing price of the day.

5.1 参与科创板股票交易的方式

Methods of participating in Science and Technology Innovation Board stock trading.

5.2 收盘定价申报撮合规则

Matching rules for closing price declarations.

In summary, the rules for trustee trading on the Science and Technology Innovation Board are crucial for investors to understand and adhere to in order to ensure smooth and successful trading activities. By following the specific regulations and requirements outlined in the trading rules, investors can minimize risks and optimize their investment strategies on the Science and Technology Innovation Board.