Gem has no capital threshold

Complete formalities t+2 Day eligible to be traded "investors ' appropriate management system" will also introduce innovative products such as margin trading and stock index futures Lu Yuan gem will not set the threshold for investors.　　The imminent introduction of the "investor-appropriate management system" for the gem embodies the protection and respect for small and medium-sized investors, investors with more than 2 years of trading experience can quickly obtain the Gem investment qualification, other investors need to undergo a more stringent risk disclosure process can also be eligible for board trading. No funding threshold the SFC, Shenzhen and the Securities Industry Association held a joint press conference this afternoon to announce and explain the "proper management system for investors of Gem". This new formulation avoids the "investor threshold" that preceded it. CSRC related department head said, the motherboard market is like shallow water, gem market is like deep water, OTC market is like surf area, with the level of the market from shallow to deep, the risk of listed companies increasing, the risk of investors understanding and commitment to the ability of the requirements are gradually increasing.　　Therefore, the introduction of appropriate management is to reflect the full respect of investors and protect the purpose of small investors. The announcement of the initial public offering of shares and the provisional measures for the administration of GEM listings (hereinafter referred to as "management measures") stipulates that "The gem market should establish an investor admittance system that adapts to the investor's risk tolerance and disclose the investment risk fully to the investors".　　The official said this is the source of appropriate management of investors, he said that will also be in the financing margin, stock index futures to establish an investor-appropriate management system, but with the gem is different. The initial construction of the gem market investors appropriate management system is composed of three levels. First, the SFC enacted the "interim provisions." The main content is according to "the Management method" stipulation, to the gem Investor proper management puts forward the principle request. Second, the Shenzhen Stock Exchange made the "GEM market investors appropriate management implementation measures" (hereinafter referred to as "implementation measures"). The main content is to specify the basic requirements, procedures, working mechanisms and regulatory requirements of investors ' proper management. Third, the China Securities Industry Association formulated the "Gem Market Investment Risk Disclosure Book (required terms)" (hereinafter referred to as "prerequisite").　　The prerequisites stipulate the terms that a securities company must include in its risk disclosure book. T+2 trading qualification based on the experience of more than 2 years of stock trading, the supervision layer divides the Shanghai and Shenzhen investors into two categories, opening up different channels for the two types of investors. According to the provisions of the implementation measures, natural investors apply for participation in the gem market, in principle, should have more than two years (including two years) trading experience. The date of trading experience, the account set for the investor's own name in the first stock transaction on the Shanghai or Shenzhen stock Exchange. When an investor with more than two years of trading experience applies for the opening of the gem market, the Securities Company shall sign the "Gem Market Investment Risk Disclosure book" with its site in writing and request it to transcribe a statement. Securities companies should witness the signing of investors and signedWord confirmation. T+2 Day can open gem trading qualification.　　The fast-track is only for investors with more than 2 years of trading experience. Investors who have not yet had two years of trading experience but still require the opening of the gem market, the securities companies need to sign the "Gem Market Investment Risk Disclosure book" with their site in writing, and require them to take a special statement on voluntary market risk. The Securities company handling personnel should witness the signing and signature confirmation of the investors, and then need to sign and confirm the sales department responsible for the securities company.　　T+5 Day can open gem trading qualification. The qualification requirement of GEM investors is much lower than that of some previous market, which not only strengthens risk management but also embodies the principle of buyer's ego.　　Wu Kunqiang, general manager of Galaxy Securities retail clients, who has been surveyed by the SFC, said today that the system did not add more cost to brokerages and was operable. The relevant department in charge of the Securities and Futures Commission said that before the launch of the gem, sufficient time was given to investors to complete the process of signing the risk prompt, and the investors were expected to enter their information truthfully and cooperate with the brokerage department to complete the work of investor education.