什么叫中签率？

中文版：

中签率，通常是指在股票、基金或其他金融产品的发行过程中，投资者成功获得分配的概率。在新股发行、债券发行或基金募集等场合，中签率的高低直接反映了投资者对这类金融产品的需求程度和市场的热度。

中签率的计算方式通常是：成功获得分配的投资者数量除以参与申购的总投资者数量。例如，如果一个新股发行共有100万股，吸引了1000名投资者参与申购，最终只有100名投资者成功获得新股，那么这次新股发行的中签率就是10%。

中签率的高低受到多种因素的影响，如市场供需关系、发行产品的吸引力、投资者的风险偏好等。对于投资者而言，了解中签率不仅可以帮助他们判断市场的热度，还可以作为决定是否参与申购的重要参考。

值得注意的是，中签率并不是投资者唯一需要考虑的因素。在做出投资决策时，投资者还需要考虑产品的风险、收益、流动性等因素，以及自身的投资目标和风险承受能力。

英文版：

What Is the Lottery Odds?

Lottery odds, typically refer to the probability of investors successfully obtaining allocations during the issuance of stocks, funds, or other financial products. In occasions such as new stock issuance, bond issuance, or fund raising, the lottery odds directly reflect the demand for such financial products and the heat of the market.

The lottery odds are usually calculated by dividing the number of investors who successfully obtain allocations by the total number of investors participating in the subscription. For example, if a new stock issuance totals 1 million shares and attracts 1,000 investors to participate in the subscription, but only 100 investors successfully obtain the new shares, then the lottery odds for this new stock issuance are 10%.

The lottery odds are influenced by various factors, such as market supply and demand, the attractiveness of the issued product, and investors' risk preferences. For investors, understanding the lottery odds can not only help them judge the heat of the market but also serve as an important reference for deciding whether to participate in the subscription.

It's worth noting that lottery odds are not the only factor investors need to consider. When making investment decisions, investors also need to consider factors such as product risk, returns, liquidity, as well as their own investment goals and risk tolerance.