The price of the new fund during the issuance period is the subscription price. The subscription price during the general issuance period is always 1 yuan. After the issue period, it will enter the closed period and its price will be different.

The sources of issuance funds are generally divided into two parts: first, the intact new bonds, that is, the products that have been handed over by the National Banknote Printing Mint; The second is the withdrawal voucher, that is, the withdrawal currency returned by the commercial bank to the issuing bank.

The main differences between issuing funds and cash are:

1, with different properties. The issuing fund is the reserve fund and the currency issued by the state; Cash is a realistic currency that the state gives to compulsory circulation in the form of law.

2. The subjects of management are different. The management subject of issuing funds is authorized by the state, and the organ holding currency issuance in China is the People's Bank of China; The main body of cash management is all social classes, units and individuals with cash income.

3. Different value forms. The issuing fund is not a currency in circulation and has no value symbol, and its value is reflected in the printing cost, transportation and management cost; Cash is the currency in circulation, which is a symbol of value, and its value is embodied as universal equivalent.

4. Different forms of circulation. The issuance funds flow through the allocation instruction issued by the superior bank. No unit or individual has the right to use it without the transfer order of the superior bank. Cash flows according to the needs of the holders.