Public Offering of Fund cannot invest in unlisted shares, nor can it directly invest in industry.

Public Offering of Fund (except QDII) can only invest in domestic A-share market and inter-bank bond market. A-share (equity) stocks, warrants, central bank bills (money market instruments) (fixed income), government bonds (including local government bonds issued by the Ministry of Finance), corporate bonds, corporate bonds (including convertible bonds) and bank deposit certificates (mostly short-term time deposits or call deposits) invested in the bond market.

According to different varieties and provisions of fund contracts, Public Offering of Fund sets corresponding proportions among various investment instruments.

Finally, QDII funds invest in global financial markets. They don't know that they can buy equity and fixed income products. They can also make some derivatives and buy some foreign funds according to the contract requirements. Some QDII funds also have geographical restrictions on investment, such as investing in Morgan Asia-Pacific advantages, mainly investing in financial markets in the Asia-Pacific region.