Notice on Issuing the Detailed Rules for the Registration and Settlement of Open-end Funds of China Securities Depository and Clearing Co., Ltd., Shanghai Stock Exchange and Shenzhen Stock Exchange.
All securities companies and fund management companies:
China Securities Depository and Clearing Co., Ltd. The Detailed Rules for the Registration and Settlement of Open-end Funds of Shanghai Stock Exchange and the Detailed Rules for the Registration and Settlement of Open-end Funds of Shenzhen Stock Exchange have been approved by China Securities Regulatory Commission, and are hereby promulgated and shall come into force as of the date of promulgation.
On-site transaction process of open-end fund
There are two ways to purchase, purchase or redeem open-end funds.
1. floor trading: refers to the use of Shanghai or Shenzhen securities accounts (stock accounts or closed-end fund accounts), which are processed through the stock entrustment system.
2. OTC transaction: refers to the use of the open-end fund account of the fund company and the handling through the open-end fund entrustment system.
Brief introduction of on-site transaction process of open-end fund
I. Opening customer number, etc. (See A-share account opening process for details)
Two. Shanghai fund communication business
(a), the enterprise profile
Handling the subscription, subscription and redemption of open-end funds through Shanghai Stock Exchange is a new channel for investors to handle the open-end fund business in addition to the existing subscription, subscription and redemption through fund managers and their consignment agencies.
Investors who subscribe, purchase and redeem fund shares through the on-site system of the Shanghai Stock Exchange shall designate qualified members of the Shanghai Stock Exchange to handle it on their behalf in accordance with the provisions of the Trial Measures for the Comprehensive Designated Trading System of the Shanghai Stock Exchange.
(2), reporting elements
1. The reported securities code is 521* *, and the method of "amount subscription" is adopted. Investors apply for the number with the subscription amount.
Tips: Use the "Buy" menu of A-share trading.
2. Time and place of subscription and redemption of fund shares
During the matching trading hours of each trading day (9: 30 to 1 1: 30, 13: 00 to 15: 00), the Shanghai Stock Exchange accepts the fund share subscription and redemption declaration.
The code of the securities to be purchased and redeemed is 5 19***, and the principles of "amount purchase" and "share redemption" are adopted, that is, the purchase amount is filled in for quantity application and the redemption share is filled in for quantity application. "Buy" corresponds to the "Buy" menu of A-share trading, and "Redemption" corresponds to the "Sell" menu of A-share trading. The transaction price of subscription and redemption is determined according to the net value of fund shares on that day. Since the declared price column cannot be empty, the agreement is always filled in as "1 yuan".
The minimum subscription amount and redemption share shall be determined and announced by the fund manager. On the basis of the minimum subscription amount, the cumulative subscription amount is 65,438+000 yuan or its integral multiple, but the maximum subscription amount cannot exceed 99,999, 900 yuan; The share of a single redemption fund is an integer, but it cannot exceed 99,999,999 at most.
From T+2, investors can inquire about the results of subscription and redemption and the fund shares obtained through subscription in the business departments of SSE members who submitted the declaration.
3. Set the declared securities code of the fund dividend method to 523***, and the trading direction can only be "buy" but not "sell"; "Price" is the code of the fund dividend method, where 100 yuan is converted into a dividend, and10/yuan is a cash dividend; The declared quantity is 1.
Special note: the method of setting fund dividends can only be handled at the counter of our business department.
4. On-site subscription, subscription and redemption of funds can be handled through hotkeys, telephone entrustment and online transactions of our A-share trading system.
(3) Cross-market transfer custody
The code of the securities transferred from OTC to OTC in cross-market custody is 522***, and the transfer corresponds to selling.
When transferring out, fill in the seller's code of the transferee in the price column, with the range of 1-999 yuan.
From T+2, investors can inquire about the transferred-in fund share of the transferred-in fund at the fund manager of the OTC transferee or its consignment agency, or they can also inquire about the transferred-in fund share of the transferred-in fund at the qualified SSE members designated for trading in the OTC market.
Tips: If an investor handles the cross-market transfer of inter-fund custody business with the Company, the Shanghai seat number of the Company is 23078.
Three. LOF business introduction
(a), the enterprise profile
Listed open-end funds (LOFs) are based on the current operating mode of open-end funds, which increase the channels for offering, subscription, redemption and trading in Shenzhen Stock Exchange. Its main features are:
1. The fund can be sold at the Shenzhen Stock Exchange, the fund manager and its agency at the same time. The Shenzhen Stock Exchange adopts the online distribution method, and the fund managers and their consignment agencies follow the current counter sales method.
2. After the Fund is listed on the Shenzhen Stock Exchange, investors can choose to buy and sell the fund shares through matching transactions in the trading system of the Shenzhen Stock Exchange, or they can choose to purchase and redeem the fund shares with the net value of the fund shares after the close of the day in the trading system, fund managers and consignment agencies of the Shenzhen Stock Exchange.
3. Funds subscribed, purchased and bought through the trading system of Shenzhen Stock Exchange are registered in the China Securities Registration and Settlement System, and can be declared for sale or redemption through the securities business department to the trading system of Shenzhen Stock Exchange. Selling is completed by electronic matching price in the form of stock trading, and redemption is completed by the net value of fund shares closed on the same day.
4. Cross-system transfer custody can be used to change the custody location of fund shares between on-site and off-site.
The fund code consists of six Arabic numerals, and the first two digits are marked with "16" or "15".
(2), reporting elements
1. During the fund raising period, investors can apply for subscription in all business departments of the Company. Investors can make multiple subscriptions in the same trading day, and the amount of each subscription must be 1000 or its integral multiple.
Tips: Investors can subscribe through the "Buy" menu of our A-share trading system, through hot key subscription, telephone entrustment subscription and online trading subscription.
The subscription fee is charged directly from the investor's capital account at the time of subscription. For example, if an investor subscribes to a fund of 1 0,000 yuan, the subscription rate is 1%, and the amount collected by the system at the time of subscription is 1 0/00 yuan (that is, 1 0,000 * 0.01).
2. Listed open-end funds adopt the principle of "subscription by amount and redemption by share", that is, the subscription is declared by amount and redeemed by share. The applicant for on-site subscription is 65,438+0 yuan RMB, and the applicant for redemption is 65,438+0 fund shares; On-site redemption is a fixed redemption rate, and the redemption rate cannot be set in stages according to the holding time of shares.
Tips: Please use the hotkey of our business department to use the "LOF subscription" and "LOF redemption" menus of the A-share trading system entrusted by our company. Please consult the sales staff for specific operation.
LOF fund trading business can be conducted through hot keys, telephone entrustment and online trading in the "buy date" and "sell date" menus of our A-share trading system.
(3) Cross-market custody transfer business
1. Investors can directly choose to sell or redeem the fund shares entrusted by the exchange, whether they subscribe, purchase or buy on the exchange.
(1) After the listing of the Fund, the fund shares subscribed during the fund raising period can be directly traded in the secondary market at the electronic matching price, or redeemed at the net value of the fund shares on the same day;
(2) The fund shares purchased in the market on T day can be sold or redeemed on T+2 day;
(3) The fund shares bought on T day can be sold or redeemed on T+ 1 day.
2. Shares of listed open-end funds subscribed and purchased by investors through fund managers and their consignment agencies can only be redeemed and cannot be sold through the trading system of Shenzhen Stock Exchange. If investors want to sell their fund shares through the trading system of Shenzhen Stock Exchange, they can first handle cross-system transfer custody, transfer the fund shares into the trading system of Shenzhen Stock Exchange, and then entrust the securities business department to sell them.
Tips: If investors transfer the cross-market custody business of LOF funds to the Shenzhen Stock Exchange trading system of our bank, the seat number of our bank is 236700.
3. The custody fee of 3.LOF fund is:
Transfer from different places (transfer custody between the fund counter and the exchange) is free.
Transfer custody to be completed through the exchange: off-site transfer custody and on-site transfer custody in 30 yuan (attached: regardless of the amount, number of transactions and fund type on the same day, the same investor only charges a single transfer custody fee from the same transferor to the same transferee on the same day).
[Edit this paragraph] Overview of electronic transactions Electronic transactions refer to transactions conducted through electronic systems, which are different from those conducted face-to-face in the trading hall of an exchange.
In e-commerce, nothing attracts people's attention more than electronic transactions. The so-called electronic transaction refers to online transactions. Electronic transactions will no longer simply open up a new online sales channel. It will use technical means to improve your business model and increase business income and efficiency; It will reduce operating costs and help enterprises to establish closer cooperative relations with customers, suppliers and partners. In this way, you can connect dealers and manufacturers online, thus optimizing the transaction process and reducing paperwork. You can also make a profit by establishing a direct contact network with suppliers, thus reducing inventory and transportation consumption and responding to user needs quickly. You can also improve your relationship with customers and suppliers through online billing and payment systems.
In this way, enterprises can not only win the trust of customers, but also improve the ordering efficiency, reduce inventory loss, maintain the total turnover rate of funds and reduce the actual sales expenditure, thus reducing costs and increasing profits.
Electronic trading is more than just opening a new online sales channel. It will simplify your business model, increase revenue and improve efficiency through technology. It will increase revenue and profits by reducing costs and establishing closer and more sensitive relationships with customers, suppliers and partners.
Electronic transactions enable you to build customer loyalty while increasing your income, and reduce costs by improving the efficiency of order processing. Reduce inventory and warehouse expenses while maintaining full rates and reducing the actual cost of sales transactions. The success factor of electronic trading IBM helps thousands of companies to realize successful electronic trading schemes. Some key factors for the success of electronic transactions may not seem obvious, but if these factors are ignored, they will bring serious business challenges. These factors include:
● There should be reasonable business strategies and objectives in the implementation and management;
● Focus on customer solutions, services, long-term relationships and values;
● Pay attention to all aspects of the sales cycle, including cognition, interest, desire, behavior, service and support;
● Understand and explore the unique aspects of the Internet and standards-based technologies;
● Strong and scalable infrastructure closely integrated with business processes and information systems. [Edit this paragraph] Establish a global concept of electronic transactions. A reasonable electronic trading strategy should have a global business concept, not only from the inside, but also from the outside-that is, from the customer's point of view. Electronic transaction spans all departments of the company and is a mandatory mechanism to eliminate internal barriers. An effective electronic trading strategy requires the cooperation and obligation between the administrative leaders and various fields within the company, including marketing, sales, development, manufacturing, information technology, law and public relations. As the largest outdoor clothing retailer in the world, the electronic transaction income of American REI has increased by 400% almost every year, and REI Online Company has become the largest store in outdoor retailers. ToolCrib, a cataloger and retailer of electric tools in the North, realized a return on network investment of 100% within two months, saving $5 per order compared with cataloging orders. E-Chemical Company has brought the efficiency of business-to-business electronic transaction to the chemical industry through its first online chemical product store on the Web, and its customers can save 20% compared with traditional wholesale channels. Lagostina, the leading manufacturer of household cookers and kitchen equipment in Italy, predicted the revenue of 654.38 million dollars at the end of the year, but its online store actually achieved this goal in two days. Once you start, you will soon need professional skills-not just webmasters, which may be beyond your company's ability. This means that cooperation with experts outside the company requires an open mind and a willingness to cooperate. IBM knows from its customer experience that it has the necessary expert experience and ability from the beginning to save time and money for future development. [Edit this paragraph] Effective electronic trading strategy The first step-and the most challenging step-to realize electronic trading is to define a dynamic business strategy according to the opportunity to provide customers with time value. To formulate this strategy, we need to understand the company's unique strength and brand characteristics, industrial strength, the functions and unique attributes of Internet technology, and the foresight of the widespread high-bandwidth computing in the future. Although seemingly simple, it is often difficult to draw up a lasting and testable electronic trading strategy. In many cases, companies carry out electronic trading plans as a means of survival or competitive response, rather than as a competitive advantage. Industry leaders will be those who can think creatively, fully understand how electronic transactions will affect their business, and then make full use of the unique power of networks and companies.
In order to win the competitive advantage, we need to formulate a comprehensive electronic trading strategy, including the following objectives:
● Improve customer service.
● Increase the popularity share, market share and wallet share.
● Expand geographical extension.
● Reduce customer churn
● Improve the supply chain process
● Increase income and profit.
● Company or product brand
● Simplify business processes, reduce errors and improve efficiency and productivity.
Effective electronic trading strategies should stand the test and make it more and more difficult for others to enter. As time goes on, this strategy should make the customer's transfer cost more and more expensive, especially when it is necessary to exclude competitors. Making and maintaining an effective strategy requires regular competitive analysis. It should be based on the core competitiveness and the value seen by the target audience. In fact, your big customers may take the initiative to participate in strategic stereotypes. When formulating electronic trading strategies, the following issues should be considered:
What is the business now? What new markets do you plan to explore?
What are the core strategic assets?
Can these assets maintain a strategic position in the online world?
Who are the competitors? Where will new competitors appear?
What processes need to be fundamentally reconsidered?
Why are customers forced to do business with you-that is, what value suggestions can stand the test?
How to get a profit rate in a world with increasingly fierce competition, more sophisticated buyers and higher expectations than before? Where can products be quickly turned into commodities? [Edit this paragraph] Success criteria for electronic transactions In the wave of building websites, we usually forget to define the criteria and measurement criteria for success. Just as there are many valuable suggestions, there are also various success standards and measures. It is true that some measures are difficult to achieve, but others are easy to determine and have great value, but they are often ignored.
These measures are encapsulated in the following：
Revenue and profit of all and every customer.
Order size and unit quantity per order
The cost of selling goods, the cost of each transaction, the cost of each visitor, and the cost of each repeat customer.
profit
Inventory write-off
exchange rate
Page views per order
Shopping cart abandonment percentage
Customer solicitation cost
Repeated visits, total visits and visits.
Station stay time
customer satisfaction
Customer service has improved, but the price is lower.
Email transfer
price of stock
External measurement of response time and availability
How do users find your website?
Advertising click
Finally, please remember to develop all aspects of the website from the customer's point of view, not yours. Too many websites are designed around the internal structure of enterprises, mainly focusing on products and services, rather than solutions and customers. If customers can't find what they are looking for, they will soon abandon you-based on their standards, not yours, which is the core of making a successful electronic trading strategy.