What are the trading rules of convertible bonds on the first day of listing?
1. Trading time rules
Convertible bonds are T+0 transactions, that is, they can be bought and sold many times on the same day.
2. The bidding scope of call auction on the first day of listing.
The new debt of Shanghai Stock Exchange is 70%-150% of the issue price (70-150 yuan), and the pending orders beyond the scope are invalid; The new debt in Shenzhen is 30% of the issue price (70-130 yuan), and the pending orders beyond the scope are valid entrustment, but they will not enter the bidding system. That is to say, the new bond pending orders of Shenzhen 150 yuan are valid to buy (sell), but they do not match in call auction at the opening.
3. call auction time period
Shanghai Stock Exchange: Orders can be placed and cancelled at 9: 15_9:20; You can place an order at 9:20_9:25, but you can't cancel it;
Shenzhen: Orders can be placed and cancelled at 9: 15_9:20; You can place an order at 9:20_9:25, but you can't cancel it; Orders can be placed at 14: 57 _ 15: 00, and cannot be withdrawn;
4. Pause rule
Shanghai stock market: around 20%, trading can be resumed after the fuse is suspended for 30 minutes; Up or down by 30%, the fuse will be suspended to 14: 57 and then resumed. During the suspension period, it cannot be entrusted or revoked.
Shenzhen stock market: up or down by 20%, and trading can be resumed after the fuse is suspended for 30 minutes; Up or down by 30%, the fuse will be suspended to 14: 57 and then resumed. During the suspension period, it can be entrusted or revoked.
Many investors can issue new bonds. Making new debts is actually very simple. If you can win the lottery many times, you may have thousands of dollars in your pocket. Investors may wish to give it a try. You don't have to worry about the time to buy new debt. You can also make new ones in your busy schedule. Finally, I want to remind investors that the stock market is risky and investment needs to be cautious.