Virtual currency st

1. Japan
   
   among Asian countries, Japan seems to be the first country to support cryptocurrency. On the contrary, in the past few years, China has been cracking down on ICO and closing down the trading business of digital currency exchanges in China. Compared with China's strict restrictions, Japan is undoubtedly far ahead in the field of cryptocurrency
   
   maybe it's because of the anonymous people (or teams?) who developed bitcoin Japan's pseudonym is Nakamoto, so Japan's friendliness to cryptocurrency ranks at the top
   
   after being attacked by hackers, the Japanese based Mt. GOx exchange finally closed down in February 2014, which is still the biggest scandal in the digital currency world. After that, Japan's licensed cryptocurrency exchanges came together to form a new self regulatory organization, which put forward guidelines to legalize ICO and formulated clear instry standards to protect investors, while allowing the instry to grow and continue to innovate
   
   members of this association, called ICO business research group, include members of Parliament, academics, bankers and the CEO of bitflyer. Bitflyer is the largest cryptocurrency exchange in Japan. According to the government study, the legislature may allow potentially profitable ICO and cryptocurrency exchanges to continue trading, but at the same time, it must provide the government with more insight into these activities and enhance transparency

   

   blockchain, and each token is said to be supported by one barrel of crude oil. However, analysts generally believe that Maro is obviously lying
   
   nevertheless, as of the end of April, it was reported that Venezuela could offer India a 30% discount if India used petro currency to pay for its crude oil. Bitcoin magazine reported that "Venezuela has assured the buyer that petro currency will have all the functions of legal tender, can pay taxes and can be converted into Venezuelan hard currency, namely Bolivar
   
   while many people are skeptical of petro itself and the Venezuelan government's move to integrate cryptocurrency into its declining economy, others believe that any effort to win the credibility of cryptocurrency is worthwhile. David Garcia, senior vice president and partner of ripio credit network, pointed out that Latin America is going through a transitional period
   
   Latin America is in a difficult situation e to political corruption and economic crisis, and is troubled by high inflation and rapid devaluation of local currency, especially in Venezuela. Garcia believes that innovative ideas and solutions such as blockchain and cryptocurrency are necessary for these countries to develop in a positive direction

   3. Sweden
   
   in 2015, Sweden became the first country in Europe to approve the trading of two kinds of bitcoin exchange traded notes (ETN), which are managed by XBT providers. The Swedish Krona denominated bitcoin tracker one XBT (ST: se0007126024) fund and bitcoin tracker EUR XBT provider (ST: se0007525332) can be traded on Nordic Nasdaq, the main Swedish exchange
   
   since its launch, XBT has been launched in Denmark, Finland, Estonia and Latvia. As of early December 2017, cointegraph announced that Sweden's ETN "is more than 80% of the US ETF". In mid January, CNBC said that Sweden's bitcoin investment project attracted $1.3 billion
   
   in addition, the Swedish central bank has been considering the development of an electronic currency called e-krona to cope with the situation that Sweden is rapidly becoming the first cashless society in the world. However, Sweden's banking sector has hit back. Hans Lindberg, chief executive of the Swedish Bankers Association, said in an interview on April 17: "in terms of e-money, there is already a lot. There are bank cards, credit cards... And other electronic solutions. The most likely scenario in the future is that the Swedish central bank will stick to wholesale business. "< However, James Pomeroy, a global economist at HSBC, believes that Sweden is still likely to become the first country in the world to issue digital currency, which may be launched in the next few years. Venezuela may be ahead in government supported cryptocurrency issuance, but Sweden, a Scandinavian country with stronger economy and more trusted regulators, may still disrupt the existing order of cryptocurrency and even lead the European cryptocurrency instry< Switzerland
   
   4. The Swiss financial market supervision authority is at the forefront in clarifying the regulation of cryptocurrency and supporting ICO. Marc bernegger, a Swiss financial technologist, cryptocurrency entrepreneur and consultant to Swiss real coin, said Switzerland has traditionally been a haven of wealth. To some extent, this benefits from Switzerland's more open financial regulation and a long culture of protecting the privacy of Swiss banking institutions' customers. Bernegger pointed out that Switzerland has been "looking forward" to cryptocurrency assets as part of overall wealth management and is "preparing for changing economic forms."
   
   the surrounding area of Zug in North Central Switzerland is called crypto Valley, which has been called crypto valley since Ethereum ICO was launched in 2014. For cryptocurrency entrepreneurs, developers and investors, cryptovalley is one of the most active ecosystems,

   5. Israel
   
   in Israel, discussions on the regulation of cryptocurrency continue, and legislators are looking for ways to protect investors. Although Israel's banking system has failed to help promote bitcoin related business, Union Bank of Israel, the sixth largest bank in Israel, is being sued by a local cryptocurrency miner for stopping transferring funds from bitcoin exchange to the miner; In addition, Israel's second-largest bank, bank Leumi, was intervened by the district court and the country's Supreme Court when it tried to block the account activity of a local cryptocurrency exchange. This is undoubtedly a major victory for the local cryptocurrency instry
   
   in addition, it has recently been reported that the Central Bank of Israel has been considering the possibility of issuing state supported cryptocurrency for several months. According to the Jerusalem Post, an anonymous source said, "digital shekel can record every transaction through mobile phones, making tax evasion more difficult." If a digital Shekel is introced, its value will be equal to that of an entity
   
   in terms of technological innovation, Israel's start-up corporate culture is at the forefront. Roy meirom, co-founder and vice president of business development of wemark, pointed out that many of the 300 multinational R & D centers operating in Israel are committed to the application of blockchain<
   
   Roy meirom also said that this small middle east country, commonly known as the "start-up country", is rapidly becoming the development center of blockchain< Bermuda
   
   Bermuda, a member of the Commonwealth in the North Atlantic and Caribbean, has been actively seeking the adoption of cryptocurrency related regulations to begin to establish an appropriate framework to promote cryptocurrency business activities, including cryptocurrency exchanges, wallet services and payment providers. Recently, the Bermuda Monetary Authority's virtual currency business act was passed in the house of Commons
   
   Bermuda has carried out relevant legislative activities on ICO in the form of amending the Companies Act 1981 and the limited liability companies act 2016. At the end of last year, Bermuda's prime minister and Finance Minister David Burt set up a blockchain working group, which is divided into two groups: the legal and regulatory Working Group on blockchain and the commercial working group on blockchain
   
   7. Berlin, the capital of Germany, is perhaps one of the EU's most cryptocurrency friendly cities. In 2013, Berlin was called the "bitcoin capital of Europe" by the guardian, and it has always maintained this status. At present, people can use bitcoin to buy apartments in Berlin, make holiday reservations, and pay for meals in various fashionable local restaurants
   
   Thomas Schouten, marketing director of lisk, a Swiss based blockchain application platform, said the application chain has a major contractor office in Berlin. Schouten said Berlin provides a vibrant start-up and technology space with a huge talent pool and vibrant culture, making it easy for companies to attract employees. In addition, he said that Germany and the German government are open to blockchain technology
   
   in 2014, Germany became the first country to accept bitcoin as a currency, highlighting its open attitude. Similarly, board members of the Bundesbank have called for effective and appropriate regulation of cryptocurrencies and tokens. In fact, Joachim wuermeling, director of the Bundesbank, has pointed out the need for international cooperation on this issue:
   to this end, a number of decision makers of the Bundesbank have participated in discussions involving the whole EU region, including stimulating the cryptocurrency instry in the whole EU region through the European block chain partnership "Scientists and engineers in the instry, many of them retired members of Israel's elite military intelligence forces, have transferred to fill the huge talent demand of the instry, and are supported by more and more blockchain start-ups and supporting ecosystems."

2. "because the regulatory capacity of a single country is obviously limited, only by maximizing the potential of international cooperation can virtual currency be effectively regulated."

The trading rules of the virtual stock market provided by various websites are different, but they are similar to the real stock market and have their own characteristics. Take Ranger stock market as an example, the trading rules are as follows:
1, trading time:
1.1, opening at 9:30 Beijing time and closing at 21:30 Beijing time
1.2. The opening call auction is from 9:00 to 9:30 Beijing time, in which the entrustment is not allowed to be submitted from 9:20 to 9:30 and the entrustment is not allowed to be withdrawn from 9:15 to 9:30
1.3. The closing call auction is from 21:20 to 21:30 Beijing time, in which the entrustment is not allowed to be submitted from 21:26 to 21:30, and the entrustment is not allowed to be revoked from 21:20 to 21:25
1.4, weekends and holidays
2. Limit of entrusted quantity: the entrusted quantity of a single transaction should not be less than one hand (i.e. 100 shares)
3. Commission time difference limit: T + 1 (stocks bought on the same day can only be sold on the next trading day)
4. Quotation data: Ordinary members show five quotations, VIP members show ten quotations< Bidding and transaction:
5.1. Ranger stock market adopts call bidding and continuous bidding:
(1) the system adopts call bidding to determine the opening price, and processes all the transaction orders accepted by the system ring the opening call bidding at this price
(2) after the opening, the system uses continuous bidding to match all the transaction orders that meet the transaction conditions
(3) the system uses call auction to determine the closing price, and uses this price to process all the transaction commissions accepted by the system ring the closing call auction
5.2 the principle of determining the transaction price in call auction is: the price that can achieve the maximum transaction volume; The price of all transactions between the purchase declaration higher than the price and the sale declaration lower than the price; The price at which at least one of the buyers or sellers with the same price has completed the transaction; All transactions of call auction shall be concluded at the same price
5.3. The principle of determining the transaction price in continuous bidding is: the highest order price is the same as the lowest order price, which is the transaction price; If the declared price of purchase is higher than the lowest declared price of sale immediately disclosed, the lowest declared price of sale immediately disclosed shall be the transaction price; If the declared selling price is lower than the highest declared buying price immediately disclosed, the highest declared buying price immediately disclosed shall be the transaction price
5.4. The system matching principle is "price first, time first"; When the system account and the member are entrusted at the same price, the member has priority
5.5. If the transaction has not been completed, it can be cancelled at any time; If the transaction is not completed on the same day, it will be cancelled automatically after the closing
6. Price limit: 10% price limit and 10% price limit (5% price limit and 5% price limit for TS shares); On the first day of IPO, 500% limit and 50% limit are set
7. Shareholding ratio: 50% at most< 1. The trading currency of Ranger stock market is Ranger money; At the time of registration, the system will give you 100000 yuan as a gift; Members can get knight errant coin, fortune coin or gold coin by posting reply, participating in activities, promoting and recharging. Fortune coin or gold coin can be converted into knight errant coin in the control panel, and the exchange fee will be charged
8.2 if the balance of Ranger currency is negative, the deficit should be eliminated by selling stocks in time; If the balance of Ranger coin is negative for 15 consecutive days, the account will be permanently frozen< 9. Stock issuance:
9.1. Issuance method:
(1) system issuance: the administrator can issue new shares according to the development of the stock market. All the stock names are real stock names (including but not limited to A-share, B-share and H-share), and the issue price, market value and market winning rate are determined by reference to the real stock
(2) indivial issuance: when members accumulate more funds, they can apply to issue shares. The name of the shares is the real stock name (only limited to the stocks on the A-share main board, small and medium-sized board and gem which are not listed by st). The issue price is subject to the closing price of the latest trading day, and the equity and performance are subject to the latest quarterly report; If the share capital changes after the quarterly report, the performance shall be adjusted accordingly; Earnings per share shall not be less than 0.01 yuan, P / E ratio shall not be more than 100 times, and market value shall not be less than 2 billion yuan
9.2. Application method: an indivial needs to obtain an IPO card through the "auction center" (only VIP members can participate in the irregular auction, and an IPO card can issue a new share), and then post an application in the "virtual stock market" section, indicating the name, number, price, earnings per share, stock profile and other information of the stock, and leaving enough subscription funds, Those meeting the listing conditions shall be approved for listing within 24 hours
9.3. Issue cost: the issuer needs to subscribe for 25% of the shares when the shares are issued, and the total issue cost is the transaction price of IPO auction (diamond) + issue market value × 20% (Ranger coin); The issuer shall not sell on the first day of listing; Within 60 days of issuance, the minimum holding ratio of the issuer shall not be less than 20%
9.4. Subscription of new shares: members can subscribe once within 5 days after the issuance of shares; The success rate of ordinary members was 30%, and that of vip1-vip6 members was 50%, 60%, 70%, 80%, 90% and 100% respectively; Maximum subscription amount of ordinary members (subscription quantity) × The maximum purchase amount of VIP1, vip2 and vip3 is 1.8% of the book assets, and the maximum purchase amount of vip4, VIP5 and VIP6 is 2.0% of the book assets; If the maximum subscription amount is less than 5 million yuan, it shall be executed according to 5 million yuan, exceeding the market value of the issue (number of issues) × If the issue price is 0.25%, it shall be 0.25% of the market value of the issue; Commission will be charged for successful purchase; When the shareholding of the system account is less than 20%, the subscription shall be stopped
9.5. IPO time: the sixth trading day after the issuance (including the issuance day)< Stock delisting:
10.1. Delisting according to net assets: if the sum of earnings per share and additional earnings per share is less than or equal to zero or the P / E ratio is more than 1000 times (subject to the data at the closing), TS shares will be delisted. If the performance of TS shares does not meet the requirements for seven consecutive days, TS shares will be delisted; TS cap removal method: through capital injection and other ways to improve the performance or rece the P / E ratio, the sum of earnings per share and additional earnings per share after closing is greater than zero, and the P / E ratio is less than 1000 times, cancel ts; Delisting procere: if any stock meets the delisting conditions after the closing, the trading of the stock shall be suspended and a delisting announcement shall be issued. Within 48 hours after the announcement, the delisting settlement price shall be 150% of the net assets per share
10.2. Delisting at market price: when a stock receives less attention and the number of shares held by the top ten shareholders is small, it will be delisted; The delisting of market price is not announced in advance. If it is necessary to delist, the trading shall be suspended after the closing and the delisting announcement shall be issued. Before the opening of the next trading day, all the shares held by members shall be recovered. The delisting settlement price shall be subject to the higher of the cost price and the latest price of the stock, and the maximum shall not exceed 150% of the latest stock price
11. Stock performance:
11.1. The earnings per share of the stock shall be subject to the latest quarterly report of the real company corresponding to the virtual stock (if the share capital of the virtual company is inconsistent with that of the real company, it shall be adjusted in proportion); When the real stock corresponding to the virtual stock does not exist or delisted, the earnings per share is zero
11.2. Earnings per share update time: within one week after the real company corresponding to the virtual stock publishes the quarterly report (annual report)
11.3. If the initial additional earnings per share is zero, members can increase their earnings by injecting funds into the virtual company; The validity period of additional earnings per share of knight errant money injection is 30 days, and the validity period of additional earnings per share of diamond injection is 90 days; The capital injection must be carried out at the opening of the market, and no capital injection is allowed for the suspended stocks; If the knight errant money is used for capital injection, the total amount of capital injection by members shall not exceed 50% of the market value of their shares; Stock price earnings ratio = stock price ÷ Earnings per share + additional earnings per share)
12. System account (system): all shares not held by members are allocated to the system account, and the system account will automatically register and participate in the transaction according to certain rules every day (T + 0); When the system account holds less than 50 million shares, 10 million additional shares will be automatically issued, and all the additional shares will be allocated to the system account; The additional issuance of the system will dilute the earnings per share; Real time disclosure of system additional information
13. Chairman: the first largest shareholder (subject to the list of the top ten shareholders) who holds more than 20% of the shares or has a market value of more than 2 billion yuan is the chairman of the company and can exercise the rights of distributing the company's undistributed profits
13.1. Source of undistributed profit of virtual company: Stock Trading Commission; If there is no chairman or the chairman leaves office, the undistributed profit will be zero, and the transaction commission will be included in the undistributed profit only when there is a chairman; The profit not distributed in the current month or the remaining profit after distribution can be retained until next month; The chairman can inject his own funds into the undistributed profits and use them for dividends, etc
13.2, the company's undistributed profit distribution methods: cash dividends, dividend dividends; You can only choose one method to distribute the company's undistributed profits at most once within seven days
13.3. Cash dividends: the chairman of the board of directors can decide "10 dividends n" according to the current undistributed profit balance of the company, and the objects of cash dividends are all shareholders who currently hold shares of the company (excluding system accounts)
13.4. Bonus distribution: the chairman of the board of directors can decide "10 bonus n" according to the company's current undistributed profit balance. After the bonus distribution, the part held by members less than one hand will be recovered according to the ex right share price
13.5. The profit distribution plan must be released at the opening of the market, and the system will automatically process the successfully released profit distribution plan after the closing of the market
14. Information disclosure:
14.1. The list of top ten shareholders (excluding system accounts) is updated every Sunday; The total number of shareholders (excluding system accounts) is disclosed immediately
14.2. For the stocks meeting one of the following conditions, the list of the top five members with the largest purchase amount and the top five members with the largest sales amount and the transaction amount will be announced after the daily closing:
(1) the deviation value of the rise and fall range is up to ± 7%< (2) the turnover rate reaches 20%< (3) the amplitude value is up to 15%
(4) within three consecutive trading days, the deviation value of rise and fall has reached ± 20%
15. Stamp ty: the tax rate is 1 ‰, which is charged when selling shares
16. Commission: 1.5 ‰ for ordinary members, 1.0 ‰ for VIP1 members, 0.9 ‰ for VIP6 members, 0.8 ‰ for VIP1 members, 0.7 ‰ for VIP6 members, 0.6 ‰ for VIP6 members and 0.5 ‰ for VIP1 members
17. Forced selling: if a member has not logged in for 60 consecutive days, his / her shares will be forced to be sold by the system according to the daily price limit
investing in stocks is very risky. If you are not familiar with it, it is recommended to study in the virtual stock market for a period of time

The virtual stock trading rules provided by various websites are based on the real stock market (a share), but there are some differences. Take Ranger stock market as an example, the main trading rules are as follows:
1, trading time:
1.1, opening at 9:30 Beijing time and closing at 21:30 Beijing time
1.2. The opening call auction is from 9:00 to 9:30 Beijing time, in which the entrustment is not allowed to be submitted from 9:20 to 9:30 and the entrustment is not allowed to be withdrawn from 9:15 to 9:30
1.3. The closing call auction is from 21:20 to 21:30 Beijing time, in which the entrustment is not allowed to be submitted from 21:26 to 21:30, and the entrustment is not allowed to be revoked from 21:20 to 21:25
1.4, weekends and holidays
2. Limit of entrusted quantity: the entrusted quantity of a single transaction should not be less than one hand (i.e. 100 shares)
3. Commission time difference limit: T + 1 (stocks bought on the same day can only be sold on the next trading day)
4. Quotation data: Ordinary members show five quotations, VIP members show ten quotations< Bidding and transaction:
5.1. Ranger stock market adopts call bidding and continuous bidding:
(1) the system adopts call bidding to determine the opening price, and processes all the transaction orders accepted by the system ring the opening call bidding at this price
(2) after the opening, the system uses continuous bidding to match all the transaction orders that meet the transaction conditions
(3) the system uses call auction to determine the closing price, and uses this price to process all the transaction commissions accepted by the system ring the closing call auction
5.2 the principle of determining the transaction price in call auction is: the price that can achieve the maximum transaction volume; The price of all transactions between the purchase declaration higher than the price and the sale declaration lower than the price; The price at which at least one of the buyers or sellers with the same price has completed the transaction; All transactions of call auction shall be concluded at the same price
5.3. The principle of determining the transaction price in continuous bidding is: the highest order price is the same as the lowest order price, which is the transaction price; If the declared price of purchase is higher than the lowest declared price of sale immediately disclosed, the lowest declared price of sale immediately disclosed shall be the transaction price; If the declared selling price is lower than the highest declared buying price immediately disclosed, the highest declared buying price immediately disclosed shall be the transaction price
5.4. The system matching principle is "price first, time first"; When the system account and the member are entrusted at the same price, the member has priority
5.5. If the transaction has not been completed, it can be cancelled at any time; If the transaction is not completed on the same day, it will be cancelled automatically after the closing
6. Price limit: 10% price limit and 10% price limit (5% price limit and 5% price limit for TS shares); On the first day of IPO, 500% limit and 50% limit are set
7. Shareholding ratio: 50% at most< 1. The trading currency of Ranger stock market is Ranger money; At the time of registration, the system will give you 100000 yuan as a gift; Members can get knight errant coin, fortune coin or gold coin by posting reply, participating in activities, promoting and recharging. Fortune coin or gold coin can be converted into knight errant coin in the control panel, and the exchange fee will be charged
8.2 if the balance of Ranger currency is negative, the deficit should be eliminated by selling stocks in time; If the balance of Ranger coin is negative for 15 consecutive days, the account will be permanently frozen< 9. Stock issuance:
9.1. Issuance method:
(1) system issuance: the administrator can issue new shares according to the development of the stock market. All the stock names are real stock names (including but not limited to A-share, B-share and H-share), and the issue price, market value and market winning rate are determined by reference to the real stock
(2) indivial issuance: when members accumulate more funds, they can apply to issue shares. The name of the shares is the real stock name (only limited to the stocks on the A-share main board, small and medium-sized board and gem which are not listed by st). The issue price is subject to the closing price of the latest trading day, and the equity and performance are subject to the latest quarterly report; If the share capital changes after the quarterly report, the performance shall be adjusted accordingly; Earnings per share shall not be less than 0.01 yuan, P / E ratio shall not be more than 100 times, and market value shall not be less than 2 billion yuan
9.2. Application method: an indivial needs to obtain an IPO card through the "auction center" (only VIP members can participate in the irregular auction, and an IPO card can issue a new share), and then post an application in the "virtual stock market" section, indicating the name, number, price, earnings per share, stock profile and other information of the stock, and leaving enough subscription funds, Those meeting the listing conditions shall be approved for listing within 24 hours
9.3. Issue cost: the issuer needs to subscribe for 25% of the shares when the shares are issued, and the total issue cost is the transaction price of IPO auction (diamond) + issue market value × 20% (Ranger coin); The issuer shall not sell on the first day of listing; Within 60 days of issuance, the minimum holding ratio of the issuer shall not be less than 20%
9.4. Subscription of new shares: members can subscribe once within 5 days after the issuance of shares; The success rate of ordinary members was 20%, and that of vip1-vip6 members was 40%, 50%, 60%, 70%, 80% and 100% respectively; Maximum subscription amount of ordinary members (subscription quantity) × The maximum purchase amount of VIP1, vip2 and vip3 is 1.8% of the book assets, and the maximum purchase amount of vip4, VIP5 and VIP6 is 2.0% of the book assets; If the maximum subscription amount is less than 5 million yuan, it shall be executed according to 5 million yuan, exceeding the market value of the issue (number of issues) × If the issue price is 0.25%, it shall be 0.25% of the market value of the issue; Commission will be charged for successful purchase; When the shareholding of the system account is less than 30%, the subscription shall be stopped
9.5. IPO time: the sixth trading day after the issuance (including the issuance day)< Stock delisting:
10.1. Delisting according to net assets: if the sum of earnings per share and additional earnings per share is less than or equal to zero or the P / E ratio is more than 1000 times (subject to the data at the closing), TS shares will be delisted. If the performance of TS shares does not meet the requirements for seven consecutive days, TS shares will be delisted; TS cap removal method: through capital injection and other ways to improve the performance or rece the P / E ratio, the sum of earnings per share and additional earnings per share after closing is greater than zero, and the P / E ratio is less than 1000 times, cancel ts; Delisting procere: if any stock meets the delisting conditions after the closing, the trading of the stock shall be suspended and a delisting announcement shall be issued. Within 48 hours after the announcement, the delisting settlement price shall be 150% of the net assets per share
10.2. Delisting at market price: when a stock receives less attention and the number of shares held by the top ten shareholders is small, it will be delisted; The delisting of market price is not announced in advance. If it is necessary to delist, the trading shall be suspended after the closing and the delisting announcement shall be issued. Before the opening of the next trading day, all the shares held by members shall be recovered. The delisting settlement price shall be subject to the higher of the cost price and the latest price of the stock, and the maximum shall not exceed 150% of the latest stock price
11. Stock performance:
11.1. The earnings per share of the stock shall be subject to the latest quarterly report of the real company corresponding to the virtual stock (if the share capital of the virtual company is inconsistent with that of the real company, it shall be adjusted in proportion); When the real stock corresponding to the virtual stock does not exist or delisted, the earnings per share is zero
11.2. Earnings per share update time: within one week after the real company corresponding to the virtual stock publishes the quarterly report (annual report)
11.3. If the initial additional earnings per share is zero, members can increase their earnings by injecting funds into the virtual company; The validity period of additional earnings per share of knight errant money injection is 30 days, and the validity period of additional earnings per share of diamond injection is 90 days; The capital injection must be carried out at the opening of the market, and no capital injection is allowed for the suspended stocks; If the knight errant money is used for capital injection, the total amount of capital injection by members shall not exceed 50% of the market value of their shares; Stock price earnings ratio = stock price ÷ Earnings per share + additional earnings per share)
12. System account (system): all shares not held by members are allocated to the system account, and the system account will automatically register and participate in the transaction according to certain rules every day (T + 0); When the system account holds less than 50 million shares, 10 million additional shares will be automatically issued, and all the additional shares will be allocated to the system account; The additional issuance of the system will dilute the earnings per share; Real time disclosure of system additional information
13. Chairman: the first largest shareholder (subject to the list of the top ten shareholders) who holds more than 20% of the shares or has a market value of more than 2 billion yuan is the chairman of the company and can exercise the rights of distributing the company's undistributed profits
13.1. Source of undistributed profit of virtual company: Stock Trading Commission; If there is no chairman or the chairman leaves office, the undistributed profit will be zero, and the transaction commission will be included in the undistributed profit only when there is a chairman; The profit not distributed in the current month or the remaining profit after distribution can be retained until next month; The chairman can inject his own funds into the undistributed profits and use them for dividends, etc
13.2, the company's undistributed profit distribution methods: cash dividends, dividend dividends; You can only choose one method to distribute the company's undistributed profits at most once within seven days
13.3. Cash dividends: the chairman of the board of directors can decide "10 dividends n" according to the current undistributed profit balance of the company, and the objects of cash dividends are all shareholders who currently hold shares of the company (excluding system accounts)
13.4. Bonus distribution: the chairman of the board of directors can decide "10 bonus n" according to the company's current undistributed profit balance. After the bonus distribution, the part held by members less than one hand will be recovered according to the ex right share price
13.5. The profit distribution plan must be released at the opening of the market, and the system will automatically process the successfully released profit distribution plan after the closing of the market
14. Information disclosure:
14.1. The list of top ten shareholders (excluding system accounts) is updated every Sunday; The total number of shareholders (excluding system accounts) is disclosed immediately
14.2. For the stocks meeting one of the following conditions, the list of the top five members with the largest purchase amount and the top five members with the largest sales amount and the transaction amount will be announced after the daily closing:
(1) the deviation value of the rise and fall range is up to ± 7%< (2) the turnover rate reaches 20%< (3) the amplitude value is up to 15%
(4) within three consecutive trading days, the deviation value of rise and fall has reached ± 20%
15. Stamp ty: the tax rate is 1 ‰, which is charged when selling shares
16. Commission: 1.5 ‰ for ordinary members, 1.0 ‰ for VIP1 members, 0.9 ‰ for VIP6 members, 0.8 ‰ for VIP1 members, 0.7 ‰ for VIP6 members, 0.6 ‰ for VIP6 members and 0.5 ‰ for VIP1 members
17. Forced selling: if a member has not logged in for 60 consecutive days, his / her shares will be forced to be sold by the system according to the daily price limit