The quotation unit of closed-end funds is the price of each fund. The minimum change unit of the declared price of the Fund is 0.00 1 RMB. To buy or sell closed-end fund shares, the declared quantity shall be 100 or its integral multiple. The maximum number of a single fund should be less than 654.38+0 million.

In China, there are two trading methods of closed-end funds: computer call auction and continuous bidding. Call auction refers to the bidding method of one-time centralized matching of trading declarations received within a period of time. Continuous bidding refers to the bidding method of continuously matching transaction declarations one by one. The time in call auction is 9:15 ~ 9: 25; The time for continuous bidding is 9: 30 ~ 1 1: 30, 13: 00 ~ 15: 00.

At present, the Shenzhen-Shanghai Stock Exchange has the same price limit for closed-end fund trading as for stock trading, with the price ratio of 10% (except for the first day of fund listing).

The settlement of closed-end funds in China is the same as that of A-shares at T+ 1, that is, after the transaction is completed, the corresponding capital settlement and capital settlement will be completed on the next trading day of the transaction purpose (T+ 1).

Since the closed-end fund cannot be redeemed after its establishment, investors can only buy and sell the stocks of securities companies through the exchange platform after the establishment of the closed-end fund, except the exchange or the designated unit at the time of its establishment. Therefore, as long as investors have securities accounts, they can buy closed-end funds as easily as stocks.