中国股市,散户居多。牛熊更替中,牛市短暂,熊市漫漫,大部分人都处于亏损状态。新股的市盈率低、收益高,甚至能获得暴利。但在过去很长一段时间里,散户对打新是可望而不可即,原因就在于门槛高,有利于机构,仅预先打款一项,就拦住了很多人。2016年1月,证监会发布了IPO新规,规定投资者申购新股时,无需再预先缴款,让很多散户能够有了轻松参 China’s stock market, mostly retail investors. In the bear and bear replacement, the bull market is short and the bear market is long and most people are at a loss. The low price-earnings ratio of new shares, high returns, and even get huge profits. However, in the past for a long time, retail investors could not afford to fight new ones because the threshold was high and they were good for the organization. They stopped a lot of people only by making a pre-payment. In January 2016, the SFC released a new IPO regulation, requiring investors to subscribe for new shares without the need to make advance payments so that many retail investors can easily participate