What does exchange only trading of a fund mean? What is a centralized subscription

In this paragraph] on-site trading** Open a Shanghai and Shenzhen shareholder account in **company**company, you can conduct on-exchange trading of listed trading-type open-ended **LOF and ETF** in **company's business department or **company ** (if you have bought **or closed** before, you don't need to reopen an account if you already have an account, you can use the original account).

The floor trading price is real-time, that is, the ** you bought at that time is how much is how much, and the ** transaction is the same reason.

Like the over-the-counter subscription, the on-site purchase (**) can also be dividends, but there is a slight difference, the ** dividend purchased on the market can only be cash dividends, and cannot be reinvested in dividends, and off-site dividends can be reinvested. It can be redeemed, purchased on the market, or redeemed on the market, and the redemption is based on the net value of the day announced by the company after the market closes**. **(** method) is different from subscription (** method), selling and redeeming.

Pay attention to choose your trading method, as well as the correct choice**, for example: 510880 transaction is the market price of the market, and 510881 is the net value subscription.

LOF** and ETF**, which can be traded on the exchange, and can also be subscribed and redeemed off-exchange. Centralized subscription Centralized subscription is what happens when the closed-end **expires and becomes open-ended**:

After the transformation is approved by the general meeting of holders, the scale of the first will be stabilized or increased through a centralized subscription period, so as to facilitate the investment operation of the first class in the future. During the centralized subscription period, similar to the new ** issuance, investors can submit a subscription application at a face value of 1 yuan and enjoy the same rate as the subscription.

The rules of buying and selling in the market are the same as those of buying and selling, all of which are traded according to the market price, and the listed buying and selling are all involved in the trader's trading, and the bid price is the same. The minimum purchase rate for 100 shares on the exchange,** or sell one-way transaction is generally 100 shares. Sold on the market** after purchase t (trading day) + 1 business day.

Hello, the trading rules of the on-site grading**: After the sub-shares of the graded ** are listed on the Shenzhen Stock Exchange, investors can buy and sell ** shares during the trading hours of the Shenzhen Stock Exchange and trade them at the matching price of the trading system; The number of declarations shall be 100 or their integer multiples, and the minimum change unit of the application shall be RMB; The Shenzhen Stock Exchange implements a limit on the rise and fall of ** transactions, with a rise and fall ratio of 10%, which will be implemented from the first day of listing; The graded shares of the same day can only be sold the next day.

It is worth noting that the parent shares of cross-border grading**, which are listed on the exchange and implemented same-day rotation trading.

1.Floor trading is a transaction between investors and investors, and the buying and selling does not affect the size and total share. OTC can be called subscription and redemption, which is the subscription and redemption of ** shares by investors according to **net value, so OTC ** transactions are transactions between investors and ** companies, and both subscription and redemption will affect the total ** shares.

2.OTC can be called subscription and redemption, which is the subscription and redemption of ** shares by investors according to **net value, so OTC ** transactions are transactions between investors and ** companies, and both subscription and redemption will affect the total ** shares.

Extended Materials: a. **What is the difference between on-exchange and off-exchange subscriptions? The difference between on-exchange and off-exchange subscriptions.

1. The trading venue is different.

The exchange is the exchange, also known as the secondary market or ** market. OTC, as the name suggests, refers to the market outside the exchange, such as ** company, bank, ** company, third party ** sales company, etc. Floor trading must be operated through a ** account, while OTC trading is not required and can be purchased and redeemed directly on the trading platform.

2. The transaction method is different.

In fact, on-site trading cannot be called subscription or redemption, but buying and selling, which is to carry out or sell shares according to real-time transactions on the floor, and the trading method is similar to that of trading. Floor trading is a transaction between investors and investors, and the buying and selling does not affect the size and total share. OTC can be called subscription and redemption, which is the subscription and redemption of ** shares by investors according to **net value, so OTC ** transactions are transactions between investors and ** companies, and both subscription and redemption will affect the total ** shares.

3. The transaction object is different.

The number of products that can be traded on the exchange is relatively small, generally including LOF**, ETF** and closed-end**, and OTC** includes all open-ended**, as well as LOF** and some ETFs**. Off-site** is more suitable for operation**regular investment and conversion, although on-site** also supports regular investment, but it is impossible to set up automatic regular investment, and the operation is more troublesome.

Two. 1.Listed open-ended secondary market transactions change with the real-time change, subscription,. The redemption is traded at the net value of ** shares at the close of the day, and the two transactions are different.

2.There is a difference between the secondary market trading fee (within 3 turnover) and the subscription fee (around the subscription amount) and redemption fee (around the redemption amount). , which is reflected in the difference between the two ways of trading**.

3.The net value of the secondary market and the net value of the ** share will tend to be the same, and investors will pass through the counter and electricity. When conducting entrustment operations online, special attention should be paid to the differences and choices between the two entrustment methods: trading, subscription, and redemption.

The difference between **subscription and ** in the market.

The stem of the question is that there is a discount in the market, that is, the price in the market is lower than the price outside the market, so it is necessary to redeem the share of others in the market and then redeem it to the company for arbitrage.

The market is closed, and the subscription is open, and it is generally purchased on the official website of the bank or the company.

Personally, I feel the same, **just like buying**, 1 first investment, one is 100 shares, and the subscription is also buying! aqui te amo。

Subscription refers to the subscription of the new issuance, which may not be able to be traded, and is immediately bought at the current price.

It refers to the trading method in which all supply and demand sides are concentrated on the exchange for auction trading.

Longevity is the capital traded in the secondary market, which can be understood as the transaction outside the market, such as banks and bond companies.

It refers to the use of Shanghai or Shenzhen** account, through the ** entrustment system.

The rules of buying and selling in the market are the same, they are traded according to the market price, and the trading of the listed socks is five grades, all of which are involved in the trader's trading, and the selling price will be traded when the bid price is the same, and if you want to close the transaction immediately, you can press the sell 1**, if you can go to the place, you can make a deal, otherwise you can't make a deal.

The minimum purchase of 100 shares on the market,** or the one-way transaction rate for selling depends on the commission set by the broker, and there is no need for transfer fees, stamp duty and other fees.

Moreover, many brokerages have canceled the minimum commission of 5 yuan for the base leakage of the market, so the transaction cost is lower than that of the first. The market can be sold after the purchase t (trading day) + 1 working day, and the funds received after the sale can be used to buy again on the same day**and**, if you need to withdraw cash to the next day.

Easy Trading Rules: Same reporting rules as A sharesReporting method: E Exchange only accepts members' limit price declarations.

**Unit: The minimum change level of each ******: The minimum change unit of the Shen ** price of the base mill is the limit of the rise and fall of RMB

The exchange also implements a limit on the rise and fall of ** trading, and the proportion of rise and fall is 10%.

Declaration restrictions: If there is a **price limit for trading**, the declaration within the **price limit is a valid declaration. Declarations that exceed the limit of price increases and decreases are invalid.

Entrusting unit: **or sell**, the declared quantity should be 100 copies or its integer multiple declaration limit: **The maximum number of single declarations should be less than 1 million bidding rules:

Same as A-shares.