SSE Investor Service Hotline column

1. Q: The shares of the Changqing fund in the OTC market if you want to trade on the exchange, what formalities do you need to transact? A: Outside sales organizations (banks, securities companies) subscribed to the long Shengtong investors want to deal in the field, need to handle the fund's share of the cross-system trusteeship, the Fund share from the China (Shenzhen) open-end fund account to the SSE securities account can be sold. The specific process is as follows: (1) Investors holding my ID card, bank cards and bank sales outlets printed in Shenzhen Open Fund account opening confirmation form (that is, 98********** account confirmation) to the Securities Business department to be transferred to open the opening procedures, and to obtain the sales department of the six Shenzhen seat code. (If the investor has already opened the transfer in the brokerage department, and the Shenzhen Shareholder card or fund card and outside the Open fund account one by one correspondence, namely Shenzhen Shareholder card or fund card number and outside open fund account 10 digits same, then do not need this step (2) Investor the day (n days) can go to subscribe to the sales outlets proposed "　　Cross-system escrow application (indicating the six-digit securities sales Department seat Code, fund code, and number of transfers to be transferred).　　(3) N+2 in the future, you can log into the brokerage department of the trading system, inquiries into the share.　　(4) If the N+2-day fund has been listed, investors can trade in the field, if not listed, then from the start of the market can be traded.　　2. Q: What are the risks of A and B shares of Changqing fund? A: The shares of Changqing A and B will be traded at the same time, and investors may face the following risks: (1) The fluctuation risk of fund net worth. The income risk characteristics of the two types of fund share are different, the risk of net worth fluctuation is also different: Changqing Group a share of the expected return and risk is relatively low, so the fund's reference net value fluctuation is relatively small, but the same Qing a agreed income and its distribution is also uncertain, such as in the three-year closing period, the Fund's assets in extreme losses, The net value of the fund a May face a risk below par; Changsheng share B shares with the advantages of leverage, expected return and risk is relatively high, so the fund's reference net value fluctuations may be relatively large, as the fund's income distribution will be given priority to meet the agreed income distribution, such as in the three-year closing period, the Fund's assets in the event of extreme losses　　, the net worth of the same-Kyung B fund could be at risk of a sharp fall or even total loss. (2) Trading discount premium risk.　　Changqing A, B share in the three-year closed period is not open to purchase redemption, similar to closed-end funds, its transaction price may be influenced by market supply and demand, and the reference net value of fund share can be deviated to a certain extent, especially the B share, which is influenced by market expectation and other factors, and its trading price may appear larger discount premium.　　Investors participating in the two-level market of fund share should pay close attention to the change of net reference value and transaction price, pay attention to market risk and prudently invest. 3, Q: Long Shengtong and the same Qing A and the same Qing B fund share of the net how to announce?How to determine the reference price of the disk?　　A: (1) After the long Sheng Tong Qing and the same celebration B listed trade, will be on the day after each trading days through the Chang Sheng Fund website, SSE market release system, sales outlets and other media, the disclosure of the long Sheng with the Qing fund share value, the same Qing A and the same Qing B Fund share reference net worth.　　(2) Changqing A and the same Qing B on the first day of the IPO reference price for the day before the listing of the day before the day of the same Qing A and the same Qing B Fund share reference net worth.　　4. Q: How long should the distribution plan be implemented after the general meeting of shareholders of the listed company? A: China Securities Regulatory Commission March 16, 2006 issued the "Listed companies shareholders general meeting rules" 44th stipulates: "Shareholders ' general meeting through the Shang, or Capital Provident Fund to increase the proposal of equity, listed companies should be in the shareholders meeting after the end of 2 months to implement specific programs."　　5. Q: When will the initial public offering (IPO) and additional shares be accounted for?　　A: In the initial public offering (IPO), the shares subscribed on the internet were t+3 Day (T day for the date of issue) to account; 6. Q: Can a dividend be divided into shares purchased on the equity registration day?　　Besides the right to sell on the day, do you still enjoy the dividend? A: A listed company needs to determine a certain day before dividend payout or allotment to define which shareholders can enjoy dividend payout or to participate in a rights issue, the day is the equity registration date, that is, on the day of the Equity registration day still hold or buy the shares of the shareholders can enjoy this dividend dividends or allotment, even on the next day (excluding the right to the rest day　　To sell shares, you can still enjoy the dividends or allotment of listed companies.　　The next trading day in the future of the registration of shares shall be the right or the other day, except that the shareholder who buys the shares of the company in addition to the right is not entitled to this dividend or allotment.　　7. Q: Is equal to the opening price? A: In addition to the right price can only be used in addition to Quanji the day of the stock opening of the reference price, and open prices are generated by a set of bidding, the opening price is not exactly equal to the right prices.