Net proceeds from selling = share x net value on the day of selling X( 1- redemption rate) 1. The net selling income is related to the net value of the fund share fund, and the net selling income = share x the net value on the selling day X( 1- redemption rate). The market value of the fund refers to the market value of the fund, that is, the circulation value. Generally speaking, the net value determines the market value, but there are two.

2. Fund shares: According to the provisions of Article 5 of this Law, the fund shares of closed-end funds can be traded on legally established stock exchanges, and other provisions are authorized if funds with other modes of operation need to be listed. Therefore, the listing of fund shares mentioned in this chapter refers to the listing of fund shares of closed-end funds. The listing and trading of fund shares means that the fund shares are listed and traded on the stock exchange after being applied by the fund manager and approved by the the State Council Securities Regulatory Authority, and the public centralized bidding method is adopted.

Extended reading: redemption time

Money funds receive T+0 redemption, while bond funds, mixed funds and stock funds generally receive T+4 redemption. It should also be noted that QDII funds take a long time to settle accounts because they invest in overseas assets, but generally it will not exceed 10 working days.

Trading hours of Hong Kong stocks

According to the arrangement of HKEx, the trading hours of securities are divided into three periods: 9: 30 am to10 before the market opens; The morning market is from 10 to12: 30 in the afternoon; The afternoon session is from 2: 30 pm to 4:00 pm. For securities traded during the extended trading session, such as some warrants and fund varieties, trading will continue from 10 am to 4: 00 pm. For details, please check with brokers or visit the website of HKEx.