投教宣传｜一图看懂科创板科创成长层投资者适当性管理

Core Viewpoint - The article discusses the new regulations regarding the investor suitability requirements for participating in the Sci-Tech Innovation Board's Growth Layer, emphasizing that there are no new trading thresholds for individual investors [2][3]. Summary by Sections - Investor Participation Requirements Individual investors can participate in the trading of stocks or depositary receipts in the Sci-Tech Innovation Board's Growth Layer without additional trading thresholds, provided they meet the basic suitability requirements, which include having an average daily asset of no less than RMB 500,000 in their securities and funds accounts over the past 20 trading days, excluding funds and securities borrowed through margin trading, and having at least 24 months of trading experience [3]. - Risk Disclosure for New Unprofitable Tech Companies Ordinary investors must sign a specific risk disclosure document before investing in newly registered unprofitable tech companies within the Growth Layer. This includes signing the "Sci-Tech Innovation Board Stock Investor Risk Disclosure" for first-time applicants and the "Growth Layer Investment Risk Disclosure" for those wishing to trade stocks of newly registered companies [5][6]. - Existing Investors and Risk Disclosure Existing investors who have already opened trading permissions for the Sci-Tech Innovation Board must sign the "Growth Layer Risk Disclosure" before participating in the trading of newly registered stocks in the Growth Layer [6]. - Investment in Existing Unprofitable Companies Investors looking to invest in existing unprofitable companies listed on the Sci-Tech Innovation Board prior to the issuance of the Growth Layer guidelines do not need to sign the "Growth Layer Risk Disclosure." However, they must have opened trading permissions for the Sci-Tech Innovation Board [8].