After studying for so many years, investors' re-education, management's concern about their risks and care for investors are all in seemingly cumbersome procedures. Small and medium-sized investors will almost certainly suffer heavy losses if they ignore the actions of management and invest too much money in GEM listed companies in the hope of getting rich quickly. Only a few people can get it. Just like gambling, it's okay to gamble a little, and it's okay to gamble a lot. But remember, the risk of GEM stocks is far greater than that of main board stocks, and there are seven main risks: 1, and premium risk. You must understand that when you buy stocks, your bid will definitely be several times, ten times, dozens of times or even hundreds of times higher than that of the original shareholders. The most profitable may be the original shareholders, and the possibility of eating meat in the primary and secondary markets is also relatively large. There is a pot of soup left in the secondary market. Domestic venture capital enterprises are keen on venture capital, while foreign speculative capital sneaked into venture capital enterprises in China, largely because of the ignorance and gambling of China investors. Most of them come to buy tickets and then leave to work hard for a place. 2. Packaging Risk Although the management has strict self-discipline and requirements for the referees of GEM listed companies, and strives to ensure the quality of listed companies, the GEM listing rules are inherently looser than the main board. What do you mean loose? It means greater uncertainty in the future, which means that listed companies can package themselves more exaggeratedly. In order to get more equity investment price difference, the original investors will certainly spare no effort to package and strive to make the stock price of listed companies far exceed the value of other investments, so as to earn more for themselves. The fraud of GEM enterprises is much bigger than that of main board enterprises, and it is more difficult to investigate the responsibility. 3. Speculative Risk Where there is a dream, there will be a high degree of speculation. When there is a high degree of speculation, there is naturally a bubble. Many people think of Nasdaq, Microsoft and Bill Gates when they see GEM companies. In fact, it is still a dream that how many GEM enterprises in China can grow into towering trees. Because of their dreams, many people think that they will find China's "Microsoft" on the GEM and take over the GEM stocks at a high price. Due to the small scale of GEM stocks, there is a great possibility of artificial speculation and speculation in GEM stocks, and bubbles or even huge bubbles are hard to avoid. Once the value returns, or the enterprise withdraws from the market, the fraction of the investor's principal cannot be recovered. 4. Risk of valuation indicators We invest in stocks in the main board market, and earnings per share (EPS), return on net assets (ROE) and price-earnings ratio (PE) are the main reference indicators. Due to different listing thresholds, these indicators are far less stable than those listed on the main board, and are more likely to be fleeting. If investors invest with the main board investment thinking, the investment risk will certainly be magnified many times, and it is likely to be considered relatively safe. This is very dangerous. 5. The range of price limit reduces the risk. The market price of the main board should not rise or fall more than 10% every trading day, and the rules of the GEM game may be broken. How many times to relax, the risk will increase many times than the motherboard. 6. Speculative Risk This kind of risk has China characteristics, and the Shenzhen and Shanghai stock markets have always had new speculative habits. Due to the small share capital of listed companies, it is easy to speculate. The managers of our fund companies are just using other people's children to trap wolves in the stock market, making more money for themselves and losing money for investors. It is impossible for the management to find out all about building some rat warehouses, so it is likely to be prone to speculation driven by interests, and its stock critics will also add fuel to the fire. The risk of speculation is inevitable. Because of information asymmetry, mouth size and unequal control over the media, this kind of risk can only be paid by small and medium investors in the end. 7, the risk of technology into benefits, new technologies may not be able to produce high benefits. Some new technologies have achieved remarkable results, but they are influenced by many factors, such as equipment and technology, prices of other substitutes, etc. The coal refining and wind power generation that were hyped up before last year are examples. As long as the oil price falls to a certain extent, the coal refining project will definitely lose money. Wind power generation is affected by climate, and its output is very unstable, so the power grid is unwilling to buy it. These concepts, which have been hyped by the main board of the stock market, are most clear to the followers.