Hello, when applying for ETF subscription, investors need to prepare a basket of stocks (or have a small amount of cash) according to the "subscription and redemption list" published daily. These stocks can be in stock or bought on the same day. ETF shares subscribed with a basket of stocks can be sold on the same day; Similarly, a basket of stocks obtained by redeeming ETF shares on the same day can also be sold on the same day.

Place of purchase and redemption: Shanghai Stock Exchange

Purchase and redemption method: participate in placing orders through securities companies during trading hours on trading days.

Time for subscription and redemption: Shanghai Stock Exchange is open from Monday to Friday (excluding holidays) at 9: 30 am11:30 pm 1:00-3:00 pm.

Opening an account: You need to open an A-share account of Shanghai Stock Exchange.

Subscription and redemption unit: 6,543,800 fund shares or integral multiples thereof.

Subscription and redemption list: the fund management company publishes the subscription and redemption list of the day through the Shanghai Stock Exchange and the company information disclosure channel before the opening of each trading day, which lists all the securities, cash * and their quantities that investors need to prepare (or will get) when purchasing and redeeming.

Purchase and redemption fee: stamp duty is not charged, and the commission does not exceed 0.5% of the purchase and redemption share.

* Note: In the list of purchase and redemption, the value of "cash balance" can be positive or negative. When an investor makes a subscription according to the subscription and redemption list, if the cash balance is positive, the investor shall pay the corresponding amount of cash; If the cash balance is negative, investors will get the corresponding amount of cash; When the investor redeems, if the cash balance is positive, the investor will get the corresponding amount of cash; If the cash balance is negative, investors should pay the corresponding amount of cash.