Closed-end funds have a fixed closed-end period, during which they cannot trade, so closed-end funds cannot be sold. If the closed-end fund is subsequently listed on the stock exchange, investors can transfer the closed-end fund to the on-market market for sale. If closed-end funds are not listed and traded on the stock exchange, investors can only hold them until they expire and sell them after the closed-end period.

Closed-end funds sold in the market need to be transferred to custody business, and investors need to have stock accounts, such as Tian Tian Fund Platform. After investors find the transfer quotation in "My", they can follow the prompts and need to know the seat number of the securities company (just consult the securities company).

A closed-end fund is a closed-end fund. After the fund is established, it will be closed, and no operation can be done during the closed period. If you want to purchase and redeem, you need to wait until the fund is listed or traded on a regular open day. Closed-end funds are not suitable for investors with high liquidity requirements.