Upgraded red envelope funds. According to the official website query of Shanghai Pudong Development Bank, Shanghai Pudong Development Bank stock fund refers to the upgraded red envelope fund, which is one of the innovative financial products. After the bank sets up an equity fund account, it can deduct the equity amount in the consumption, shopping and investment scenario. Shanghai Pudong Development Bank is a national joint-stock commercial bank approved by the People's Bank of China1August 28, 1992. 19931October 9, 1999 was listed on the Shanghai Stock Exchange. Its headquarters is located in Shanghai.