Hello, the matching conversion business refers to a unique operating mechanism of the open-ended graded fund, which includes two aspects: splitting (from May 1, 217, it is necessary to have the appropriate authority of the graded fund) and merging, and refers to the behavior that the basic share is split into two types of shares according to the agreed proportion, and the two types of shares are paired and merged into the on-site basic share according to the agreed proportion. The three types of shares of graded funds can be converted through the share matching conversion business.

Pairing conversion rules:

Shanghai Stock Exchange

The shares of the parent fund can be redeemed, transferred out and split on T day;

the sub-shares bought on t day can be merged into parent shares on t day, and the parent fund shares obtained by merging sub-shares on t day can be sold or redeemed on t day;

if the parent share is purchased on t day, it can be split into sub shares on T+2 day and sold on the same day.