Stock is a part of the ownership of a joint-stock company and a certificate of ownership issued by a joint-stock company. It is a kind of securities issued by a joint-stock company to all kinds of shareholders, as a shareholding certificate to obtain dividends and bonuses. Stocks are long-term credit instruments in the capital market and can be transferred and traded. With it, shareholders can share the company's profits, but also bear the risks brought by the company's business mistakes. Each share represents the shareholder's ownership of the basic unit of the enterprise. Every listed company will issue shares.
Every stock in the same category represents the equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company.
Stock is an integral part of the capital of a joint-stock company and can be transferred and traded. It is the main long-term credit tool in the capital market, but the company cannot be required to return its capital contribution.
trading hour
The trading hours of most stocks are:
The trading time is 4 hours, which is divided into two periods: Monday to Friday from 9:30 am to 1 1:30, and in the afternoon from 13:00 to 15:00.
From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit. Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price". Orders placed between 9:25 and 9:30 were not processed until 9:30.
If the price you entrust cannot be concluded on the current trading day, you must re-register the order every other trading day.
Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange. (Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).
transaction cost
There is a commission (handling fee) for buying and selling stocks. The commission for buying and selling stocks is determined by each securities company (the maximum is 3 ‰ of the transaction amount, and the minimum is not limited. The lower the better). Generally 0.05% of the transaction amount. If the commission is insufficient, 5 yuan will be charged to 5 yuan. Stamp duty is charged for buying and selling stocks: one thousandth of the transaction amount (it used to be 3‰, and the stamp duty was lowered in 2008, and one thousandth was charged unilaterally).
From August 1 day, 2005, transfer fees will be charged at 0.02‰ of the transaction amount for the stock trading in Shenzhen and Shanghai.
The above fees, less than 1 cent, shall be charged by rounding.
There is also a rare cost: the interest of the batch is returned to the principal. It is equivalent to the stockholders giving money to the brokers, and the brokers return the stockholders a certain current interest within a certain period of time.