Shenzhen open-end fund account, also known as Shenzhen Deng Zhong account, may be abbreviated as "Deng Zhong (Shenzhen)" by some brokers or banks, which is an open-end fund account.
Take LOF fund trading as an example.
As we all know, LOF funds can be traded on and off the market. Shenzhen open-end fund account is used for off-site purchase and redemption, and Shenzhen securities account is used for on-site transactions (whether purchase and redemption are buying or selling).
When you say different subscription places, do you mean off-site subscription or on-site subscription? Off-site subscription is included in Shenzhen open-end fund account, and on-site subscription or subscription is included in Shenzhen securities account.