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On-exchange

Monetary funds

refers to currencies that can be circulated in the

secondary market

fund. On-exchange money funds not only inherit the advantages of traditional money funds as cash management tools, but are also very convenient to operate, without delaying the purchase and sale of stocks, and can satisfy investors' need for idle funds.

T+0 trading

, subscription and redemption are open during trading hours, and redemption funds can be used to buy stocks immediately. Investors only need to operate in the exchange account, and there is no need to transfer funds in or out, and there is no need to go through any procedures, which does not affect investment efficiency at all

Advantages of on-site currency funds:< /p>

The main advantage of on-exchange currency funds is that they can directly convert stock bases. For general monetary funds, if investors

sell stocks on T day

, the funds will arrive on T+1 and the funds will be transferred out at this time

To subscribe for currency funds, the subscription needs to be confirmed on T+2 and the income will begin to be calculated.

For on-market currency funds, investors who sell stocks on day T can subscribe or buy

fund shares

and start calculating the income. Fund shares can be redeemed or sold on T+1.

The opposite operation is the same. When the market conditions are not good, investors can choose to buy on-site funds to obtain stable income. If the market opportunity comes, they can quickly sell the fund and buy stocks immediately. On-site currency

Fund trading hours

are synchronized with

stock market trading hours

to facilitate investors to perform fund conversion operations to obtain profits.