ATFXAnalysis: Can new stocks be suspended for listing? Be cautious when calling for orders for investment

Suspension of trading refers to the suspension of trading of stocks in the market. Generally, when a listed company releases important information or when a listed company is suspected of violating regulations and requires investigation, it will be suspended. Can we continue listing for new stocks that have already been suspended?Let's take a look together.

Can new shares be suspended for listing?

If it is a temporary suspension, it can be listed. As long as there are still transactions on that day, the order will take effect. If there are no transactions on that day, it will automatically expire after the close of the day. On the contrary, if it is not a temporary suspension, investors can only wait for the resumption of stock trading before trading. As for the time of stock resumption, investors can pay attention to the announcement of the listed company.

In addition, the suspension of new stock trading means the cessation of trading, and besides not being able to buy, it cannot be sold. Therefore, retail investors are unable to sell the suspended stocks in their hands, but institutional investment users can transfer them through bulk trading or stock quotation and transfer systems.

Rules for the suspension time of new shares?

【1】Rules for suspension of listing of new shares on the Shanghai Stock Exchange.

① On the first day of a new stock listing, there is a continuous bidding stage, and the intraday transaction price has increased or decreased for the first time compared to the opening price of the same day10%The Shanghai Stock Exchange will implement a temporary intraday suspension of trading. The intraday transaction price has increased or decreased by more than20%The Shanghai Stock Exchange will no longer temporarily suspend trading on it during trading.

② The duration of the suspension is30Minutes, if the suspension duration reaches or exceeds14:57On the same day14:57Resumption of trading, entering the stage of closing call bidding.

【2】Temporary suspension rules for the Science and Technology Innovation Board.

① The intraday trading price of stocks without price limit increases or decreases for the first time compared to the opening price of the day, reaching or exceeding30%The intraday trading price of stocks without price limit increases or decreases for the first time compared to the opening price of the day, reaching or exceeding60%The suspension of trading will be implemented in other situations that are deemed as abnormal intraday fluctuations by the China Securities Regulatory Commission.

② The duration of a temporary suspension in a single session is10Minutes, suspension time crossing14:57On the same day14:57Resumption of trading.

【3】Rules for the suspension of new stock listings on the Shenzhen Stock Exchange.

① On the first day of stock listing, there is a continuous bidding stage where the intraday transaction price rises or falls for the first time compared to the opening price of the same day, reaching or exceeding10%The exchange temporarily suspended trading on it during trading.

② The temporary suspension time is30minute, Temporary suspension time crossing14:57On14:57Resumption of trading and a resumption of collective bidding for accepted declarations.

【4】Temporary suspension rules for the ChiNext board.

① The intraday trading price of stocks without price limit increases or decreases for the first time compared to the opening price of the day, reaching or exceeding30%The intraday trading price of stocks without price limit increases or decreases for the first time compared to the opening price of the day, reaching or exceeding60%Implement temporary suspension of trading.

② The duration of a temporary suspension in a single session is10Minutes, suspension time crossing14:57On the same day14:57Resumption of trading, and conduct a resumption of trading call auction on accepted declarations, followed by a closing call auction.