Original title: The assets of individual investors of the Beijing Stock Exchange should not be less than 10 million. Misunderstanding that the online new listing and transaction threshold is 500,000 yuan. Source: Securities Times.com
On October 23, “Beijing Stock Exchange’s individual investor’s assets cannot be less than 10 million” was listed on some hot search platforms. After analyzing the source of relevant opinions and interviewing industry insiders, this statement unilaterally expanded the asset standard for offline inquiry to The individual investor standards of the Beijing Stock Exchange are prone to misunderstandings in the market.
It is understood that the Securities Association of China recently sought opinions from securities companies on the “Regulations for the Public Offering of Stocks to Unspecified Qualified Investors and the Management of Offline Investors on the Beijing Stock Exchange (Consultation Draft)” (hereinafter referred to as the “Rules”). The “Rules” require that, in addition to the six types of institutional investors including securities companies, fund management companies, trust companies, finance companies, insurance companies, and qualified foreign investors, the securities account assets of other institutional investors or the net assets of their managed products The assets should be no less than 10 million yuan; the securities account assets of individual investors should be no less than 10 million yuan.
Market participants pointed out that investors who can participate in the offline inquiry and allotment of publicly issued and listed stocks on the Beijing Stock Exchange are mainly divided into three categories: professional institutional investors, general institutional investors and individual investors. This reflects the diversity and inclusiveness of offline investors of the Beijing Stock Exchange. Correspondingly, in fact, the off-line inquiry and allotment business on the Shanghai and Shenzhen Main Board also allows individual investors to participate, and the asset standard is as high as 60 million yuan.
In fact, the Beijing Stock Exchange has issued the “Beijing Stock Exchange Investor Suitability Management Measures (Trial)” on September 17. According to regulations, individual investors only need to meet two conditions to participate in the purchase of new shares on the Beijing Stock Exchange and secondary market transactions: First, the assets in the securities account and capital account must not be less than RMB 20 trading days before the opening of the application authority. 500,000 yuan (not including the funds and securities that the investor has incorporated through margin trading and securities lending). The second is to participate in securities transactions for more than 24 months.
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