Current location - Education and Training Encyclopedia - Resume - How does the Shanghai Stock Exchange calculate the interest on stock transfer?
How does the Shanghai Stock Exchange calculate the interest on stock transfer?
The trading rules of Shanghai Stock Exchange have the following provisions on ex-dividend and ex-dividend:

Section 3 Ex-dividend and ex-dividend

4.3. 1 Equity distribution, capitalization of reserve fund, rights issue, etc. of listed securities. Unless otherwise stipulated by this Exchange, this Exchange will conduct ex-rights processing on the next trading day in date of record (the last trading day for B shares).

4.3.2 The calculation formula of ex-dividend (interest) reference price is:

Ex-dividend (interest) reference price = [(previous closing price-cash dividend)+allotment (new) share price × change ratio of circulating shares ]÷ 1+ change ratio of circulating shares.