Open application for redemption means that you can apply for redemption. In order to control the scale of the fund and protect the interests of investors, the subscription and redemption of the fund will be opened or stopped.

Generally, newly established foundations are closed for a period of time, during which they cannot be redeemed. After the closure period, they can redeem the fund when applying for redemption. Some fund companies will also stop the fund subscription business at some time for some reasons.