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Overview of creation process


http://finance.sina.com.cn 17:15, December 3, 2005 Morning News

□ Dongping

On November 22, the Shanghai Stock Exchange issued the Notice on Matters Related to the Creation of WISCO Warrants by Securities Companies, specifying that the securities firms that have obtained the qualification for innovation pilot can create WISCO warrants as "founders", and the created warrants should be the same as WISCO call warrants or WISCO put warrants, and use the same transaction code and exercise code; If the warrant is created, the creator shall open a special account for warrant creation and a special account for performance guarantee securities, and deposit the stocks of WISCO in full for the performance guarantee of exercise; Creation of put warrants
The Founder shall open a special account for the creation of warrants and a special account for the performance guarantee fund, and deposit cash in full for the exercise and performance guarantee.

On November 28, 1.127 billion WISCO put warrants created by 10 securities companies were listed for trading. On that day, the warrants fell by the limit. In the next few trading days, the enthusiasm of the securities companies for creation continued. As of yesterday, the number of put warrants created by WISCO had reached 1.093 billion, and the total number of call warrants created reached 571 million.

On December 2, the establishment system of Shenzhen Stock Exchange was introduced, which stipulates that the number of warrants that can be created on that day should not exceed 300 million if the initial issuance is less than 600 million; For those with more than 600 million copies, the number of copies that can be created on that day shall not exceed 50% of the initial issuance; The sum of the created warrants and the same type of warrants with the same subject matter multiplied by the exercise ratio shall not exceed the subject matter of unlimited sales conditions

negotiable securities number; The newly created warrants on T day will be announced online on the same day, and can only be sold on T+2 day.


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