According to Article 39 of the Detailed Rules for Trading, Subscription and Redemption of Securities Investment Funds of Shenzhen Stock Exchange (revised in February 2020), investors shall abide by the following provisions when trading single-market bond ETFs, cross-market bond ETFs, gold ETFs, commodity futures ETFs or cross-border ETFs and applying for cash redemption:

(1) ETF shares bought by bidding on the same day can be redeemed on the same day; ETF shares bought in bulk on the same day can be redeemed on the next trading day;

(2) ETF shares subscribed on the same day shall not be sold or redeemed before delivery. For the cross-border ETF shares purchased on the same day, if the settlement is completed on the same day, they can be sold or redeemed on the same day; If the settlement is completed at the end of the day, it can be sold or redeemed on the next trading day.

This article does not constitute any investment advice, because policy issues are time-sensitive. For relevant answers, please refer to the latest content released by official website.