新股中签部分缴款如何处理

New shares are shares of a company that are offered to the public for the first time. When investors apply for new shares, they may be allocated a certain number of shares through a lottery process known as "allotment". After being allotted shares, investors need to make payment for the subscribed shares within a stipulated timeframe. This article will discuss how to handle partial payment for new shares after allotment.

1. Selling existing shares

If you have additional funds in your account or hold other stocks, you can sell a portion of your existing shares to ensure that you have enough funds for the partial payment required for new shares. By doing so, you can maintain the necessary funds in your account for allotment.

2. Abandoning subscription

If the funds in your account are insufficient to cover the payment required for new shares on the day of allotment announcement before 4 pm, it will be considered as abandonment of subscription. However, you can still make the payment afterwards. It's important to note that if you have accumulated 3 instances of allotment without subscribing to the shares in the past 12 months, you may be placed on a blacklist for a period of 6 months, during which you will be unable to participate in online new share subscriptions. After the blacklist period expires, your eligibility will be automatically restored.

3. Partial payment

If you are unable to make full payment for the allotted shares due to insufficient funds, you can choose to make a partial payment. The number of shares you abandon for subscription will be based on the actual funds available, with the minimum unit being 1 share. The responsibility for managing the abandoned shares lies with the lead underwriter.

4. Using available funds

When making partial payment for new shares, you can use the available funds in your account. This can include selling stocks, redeeming real-time money market funds, or transferring funds through bank-broker linkage. If bank transfers are temporarily unavailable, you can also choose the "new shares subscription funds transfer" option.

5. Confirmation of partial payment

During the partial payment process, the system will automatically confirm the payment based on the actual funds in your account. If you are allotted multiple new shares, the confirmation of payment will be prioritized based on the lower payment amount. It's important to follow the instructions and complete the payment process within the given timeframe.

Conclusion

Handling partial payment for new shares after allotment requires careful consideration of available funds and appropriate actions. By understanding the options available, investors can effectively manage their subscriptions and ensure compliance with the required payment obligations. Remember to follow the guidelines provided by your brokerage firm or financial institution for a smooth and successful new share subscription experience.