Stock market: Gem Open into the countdown to accept the opening of the brokerage application

This newspaper reporter Zhang Xueqing pioneering board is not far off. 3 months later, Mr Yao, vice chairman of China Securities Regulatory Commission, said in a training meeting on GEM issuance system, the preparatory work for the gem has been basically ready, and the main rules of the formulation and release of the work is also basically completed.　　He also disclosed that the first batch of gem enterprises are expected to be listed at the end of October or early November, the establishment of the Commission will be completed next month, the motherboard queuing enterprises can be transferred to participate in the gem issue, but no green channel, no time priority. 15 minutes from July 15, the major brokerages have begun to accept the Investment Enterprise Board account opening application.　　The previous 2 days to open an account, the account is not enthusiastic, after all, from the gem open 3 months, it is estimated that more investors may be approaching with the time, and then go to the brokerage department to open an account. Each brokerage accepts the application of the GEM account is generally consistent: the submission of identity cards and shareholder code card-Staff inquiries computer Check "age", suggesting risk-reading risk disclosure book-hand-written risk hint text-fill in the Account application form. Part of the sales department also needs customers to face the camera to take a photo, to prove the customer himself to handle the business.　　The whole process will take about 15 minutes to complete. Seven major risks need to be concerned because the gem market investment risk is relatively high, gem investment risk is greater than the motherboard, not all investors are suitable for direct participation in the gem market.　　The securities companies should evaluate the risk tolerance of investors, help them to judge their risk cognition and bearing ability, and suggest the risk.　　So, what is the risk of investing in the gem? To investors, what are the risks of the gem?　　In combination, there are seven major risks to be prevented. One is the risk of listed companies. From the current situation of gem listing resources, a large number of listed companies are concentrated in the service industry as well as new economy, energy and other emerging industries, in technology and business models have obvious innovative features.　　The history of the start-up enterprise is not long, the stability of the overall operation is lower than the motherboard company, operating risk is greater.　　In addition, as a gem listed companies flagship concept of "two high six new" technology innovation, in the face of the market, its uncertainty in the great opportunity to bring huge risks. Second, liquidity risk. Gem stock is faced with the risk of large fluctuations in stock prices, the difficulty is also larger, if you want to cash in time, you need to let the price concessions greater.　　This will easily lead to a significant increase in the transaction costs of investors, and thus affect the overall investment income. Third, valuation risk. Gem Enterprises, the proportion of intangible assets high, growth and business uncertainty, some valuation indicators may appear "acclimatized" phenomenon.　　In addition, the gem market will emerge some industry division of more detailed and professional enterprises, investors want a more comprehensive understanding of these enterprises, must have a certain professional background. Four is the operational risk. Compared with the motherboard market, gem may be different in terms of trading rules. And the difference in trading rules in the active market at the same time, increased the marketVolatility, while gaining high returns also poses high risks. Information asymmetry and understanding deviation risk.　　As the gem listed companies in the industry special, high technical content, investors understand the information disclosed by the listed companies are quite difficult to grasp the future development of enterprises. Six is the blind speculation risk.　　The initial stage of the gem market, the number of listed companies, small scale, "speculation new" behavior is difficult to avoid, blindly chasing high contains great risks. Seven is the risk of retreat from the city. In order to ensure the quality of gem listed companies and speculation "shell" resources, GEM will adopt strict delisting standards. Once any of these delisting standards are triggered, listed companies will face the fate of exiting the gem.　　If the unfortunate encounter retreat, the liquidity and value of the investors holding stocks will be sharply reduced or even return to zero, which is the biggest risk of the gem.　　However, as the beginning of the gem, the sponsors of the requirements of "excellent in the selection", that is, the priority recommended in line with the Gem positioning, with outstanding independent innovation capacity and higher growth of the outstanding Enterprise Board enterprises, the first recommendation can fully reflect the entrepreneurial characteristics of the enterprise, therefore, these enterprises market risk is relatively small, "speculation new" inevitable.　　RELATED links to account for the specific procedures to go through?　　First, investors should objectively assess their own risk tolerance, carefully decide whether to apply for open gem market transactions.　　Second, investors through the Internet or to the Securities company site to open the Gem market transaction applications. Investors should provide basic information such as identity, property and income status and risk preference to securities companies. The securities firm will evaluate the risk-bearing ability of the investors and inform the investors of the evaluation results.　　If the risk tolerance is weak, investors should carefully consider whether to participate in gem trading.　　Investors need to sign the risk disclosure book on the spot of the Securities Company's sales department, in which investors who do not have two years ' trading experience should also transcribe the "special statement".　　How do you confirm your trading experience?　　The securities company will inquire into the date of the first stock transaction of the investors based on the data provided by the company and determine the trading experience of the investors according to the results of the inquiry.　　In addition, investors can also through the China Securities Registration and clearing company website for my securities account of the first stock trading date for reference inquiries, the Web site is: http://www.chinaclear.cn/.　　How to open gem market trading?　　Investors with two years of trading experience, put forward to open the application need to read carefully and sign the "Gem Market Investment Risk Disclosure book", and check the relevant content and then signed to confirm. Investors who do not have a two-year trading experience do not encourage direct participation in the gem market in principle. If investors prudently assess their own risk-bearing capacity to apply, you must sign the "Gem Market Investment Risk Disclosure book" as required at the Sales department site, and take the "special statement" on the voluntary assumption of market risk.　　The securities company opened the transaction after 5 trading days. Check out moreColor management articles, please login to the first financial network (www.Amoney.com.cn) statement: This copyright for the first financial exclusive all, if necessary reprint, please contact us. Email to editor@amoney.com.cn or call 021-64830133