1, the reason is: the net value of the bank, the transaction price of the stock market to buy the secondary market. The so-called discount premium refers to the difference between the transaction price and the net value in the secondary market, and the discount rate is that the price in the secondary market is lower than the net value. Closed-end funds generally have a certain discount rate, and the premium rate is that the secondary market price is higher than the net value. ETF and LOF funds sometimes have a premium.

2. The stock market is the place where the issued shares are transferred, traded and circulated, including the exchange market and the OTC market. Because it is based on the distribution market, it is also called the secondary market. The structure and trading activities of the stock market are more complicated than the issuance market (primary market), and its role and influence are also greater.