I. Procedures for Raising Closed-end Funds The raising of closed-end funds, also known as "raising closed-end funds", refers to the act of fund management companies submitting raising documents, selling fund shares and raising funds to the China Securities Regulatory Commission in accordance with relevant regulations. The raising of closed-end funds generally goes through five steps: application, approval, sale, filing and announcement. Two. Documents submitted by closed-end fund raising application documents: fund application report, draft fund agreement, draft fund custody agreement and draft prospectus. Three. China Securities Regulatory Commission shall make a decision on approval or disapproval within 6 months from the date of accepting the application. Four, the closed-end fund offering manager within 6 months from the date of receipt of the approval document. The recruitment period is 3 months.

The issue price of closed-end funds is determined by the method of 1 yuan fund share face value +0.0 1 yuan issue fee. Sales methods are online distribution and offline distribution.

Verb (abbreviation of verb) Conditions for the contract to take effect When the raising period expires, the total share reaches more than 80% of the approved scale, and the number of holders reaches more than 200, the manager will hire a legal institution to verify the capital within 65,438+00 days after the raising period expires. Submit filing application and capital verification report to China Securities Regulatory Commission within 10 days after receiving the capital verification report, go through the fund filing procedures, and publish the effective announcement of the fund contract.