申购流程英语

Subscription and application are the English terms for 认购 (rèngòu) and 申购 (shēngòu) respectively. Subscription is commonly used in the securities market, representing investors' purchase of new shares through subscription or the purchase of funds. On the other hand, application refers to the act of asking to purchase securities at a fixed price. In this article, we will explore the process of applying for securities, focusing on the subscription process for new shares.

1. Understanding Underwriting

Underwriting is an essential step in the subscription process. It refers to the agreement to purchase securities at a fixed price. Underwriters play a crucial role in this process as they guarantee the sale of the securities by purchasing any unsold shares. They often work with investment banks and other financial institutions to ensure a successful offering.

2. Subscribing for Securities

To subscribe for securities, investors sign a formal agreement to purchase them, especially newly issued securities. Investors indicate the quantity and price at which they are willing to purchase the shares. This commitment is binding, and investors need to ensure that they have the necessary funds for the purchase.

3. Online Subscription Process

The online subscription process has become increasingly popular and convenient. Here is a step-by-step guide to the online subscription process:

a. Visit the official website: Access the official website of the securities exchange or the company offering the shares. Look for the "Subscription" or "申购" section.

b. Registration: Create an account on the website by providing the required personal and financial information. This step ensures that you are a verified investor.

c. Selection of securities: Browse through the available securities and choose the ones you wish to subscribe to. Consider factors such as the company's financial performance, industry trends, and risk factors.

d. Quantity and price: Indicate the quantity of shares you want to purchase and the price at which you are willing to buy them. This helps the underwriters allocate the shares accordingly.

e. Payment: Complete the payment process online, using your preferred payment method. Ensure that you have sufficient funds in your account to cover the purchase.

f. Confirmation: After successful payment, you will receive a confirmation of your subscription. This confirmation may include details such as the number of shares allocated to you and the settlement date.

4. Offline Subscription Process

While online subscription has become more popular, offline subscription processes still exist. Here are some key steps involved in an offline subscription process:

a. Prospectus or application form: Obtain the prospectus or application form from the company or financial institution overseeing the offering. This document provides detailed information about the securities, including terms and conditions.

b. Fill out the form: Complete the application form accurately, providing your personal information, the quantity of shares you wish to purchase, and any other required details. Read through the instructions carefully to avoid mistakes.

c. Payment: Make the payment for the shares as specified in the prospectus or application form. This can be in the form of cash, check, or electronic transfer, depending on the requirements.

d. Submission: Submit the completed application form and payment to the designated location or address within the specified timeframe. Keep a copy of the application form and any receipts for future reference.

e. Allocation: The underwriters will review the applications and allocate shares based on the demand and availability. The allocation process considers factors such as the number of shares requested and the overall oversubscription rate.

f. Notification: You will receive a notification regarding the status of your application. This notification will indicate the number of shares allocated to you, the payment details, and the settlement date.

In conclusion, the subscription process for new shares involves underwriting, subscription for securities, and an online or offline application process. Understanding these steps and following the guidelines ensures a smooth and successful subscription experience.