Listed on the first day:
Issue price auction of 80% - 120%
continuous issue price bid 64% - 144%
Listed 2-5:
auction closing price of 50% - 900%
continuous auction Unlimited
5 days on the market:
auction issue price of 80% - 120%
continuous auction issue price of 80% - 120%
Initial public offering of stock in the first five trading days after the listing no price limits. - "Shanghai Stock Exchange Branch plate stock trading Special Provisions"
this imposed price limits on stock Kechuang plate auction, Quote change ratio of 20%. - "Shanghai Stock Exchange Branch plate stock trading Special Provisions"
Stock opening call auction trading phase of the declared value of not more than 900% of the previous closing price, and not less than 50% of the previous closing price - the "Shanghai Stock Exchange Trading Rules (2018 Revision)"
First, the price declared effective the first day of the IPO, investors should meet the following requirements exceed the effective range of the declared value of the declaration is declared invalid:
(a) auction stage effectively declared value shall not exceed the issue price of 120% and not less than 80% of the issue price;
(ii) continuous auction stage effectively declared value shall not exceed 144% of the issue price and not less than 64% of the issue price. Wherein, 14:55 to 15:00 effective not exceed 120% of the declared value of the opening price the day and the opening price the day of not less than 80%.
Auction stage did not produce the opening price, closing price at the date of the first pen as the opening price.
- "Notice on regulatory matters related to trade shares listed on the initial"
Continuous auction:
(1) the purchase price of declared buy not more than 102% of the reference price;
(ii) selling price is not less than 98% of the declared reference selling price.
Temporary suspension during the opening stages of limit orders, two provisions of the preceding section does not apply.
- "Shanghai Stock Exchange Branch board Stock unusual transactions real-time monitoring rules."
Temporary suspension conditions:
First, no price limit intraday trading price of the stock than the first day of the opening price rises or falls, or more than 30%;
Second, no price limit intraday trading price of the stock than the opening day prices rise or fall for the first time reached or exceeded 60%;
Temporary suspension of the rules:
(a) the duration of the temporary suspension of a single pan 10 minutes;
(b) the duration of the suspension span of 14:57, 14:57 on the day of resumption of trading;
(c) During intraday temporary suspension, can continue to declare , may also revoke the declaration, the implementation of a set of bid matching the time of resumption of the declaration has been accepted.