I. The stock is not only a part of the ownership of the joint-stock company, but also a kind of issued certificate of ownership. It is a security issued by the joint-stock company to each shareholder as a certificate of ownership in order to raise funds and obtain dividends and bonuses. Stock is a long-term credit instrument in the capital market. It is transferable and tradable. Shareholders can share the profits of the company with it, but they should also bear the risks caused by the company's business failures. Each share represents the shareholder's ownership of a basic unit of the business. Every public company issues shares.
II. Each share of the same class represents equal ownership of the company. Each shareholder's share of ownership of the company depends on the proportion of shares he or she holds to the total share capital of the company. Shares are part of the capital of a joint stock company and are transferable and tradable. It is the main long-term credit instrument in the capital market, but the company cannot be required to return its capital contribution.
Third, the stock is a kind of securities. It is a joint-stock company in raising funds issued to its investors. It represents the ownership of its holders (i.e., shareholders) of the joint-stock company. The purchase of shares is also part of the purchase of the business of the enterprise, can be with the enterprise *** with the development and growth. This ownership is a comprehensive right, such as participation in shareholders' meetings, voting, participation in major decisions of the company, receiving dividends or sharing in the difference in dividends, etc., but * * * with the assumption of the risks caused by the company's business failures. Receiving a fixed income is one of the most important reasons why investors buy stocks, and dividend distribution is the main source of fixed income for stock investors.
Four, most stocks are traded at:
Trading time is four hours, divided into two periods: 9:30 to 11:30 am and 13:00 to 15:00 pm. From Monday to Friday.
From 9:15 am, investors can place orders. The commissioned price is limited to 10% of the closing price of the previous trading day, i.e. between the stops. The list of orders placed before 9:25 a.m. is matched at 9:25 a.m., and the resulting price is the so-called "opening price". Orders placed between 9:25 and 9:30 a.m. aren't processed until 9:30 a.m.
If the price of your order cannot be filled on the current trading day, you must re-register your order every other trading day.
Rest days: Trading is prohibited on Saturdays, Sundays and rest days announced by the Shanghai Stock Exchange. (Generally May Day International Labor Day, National Day, Spring Festival, New Year's Day, Qingming Festival, Dragon Boat Festival, Mid-Autumn Festival, and other national holidays)