1. Innovative base sealing

The product design of innovative base sealing is mainly left to the fund companies to develop themselves. The regulatory authorities will not actively participate, but for innovative base sealing The regulatory authorities also have certain considerations regarding the basic product form. The reason why innovative base closure is called "innovation" is that the most important thing is to make a fuss about profit distribution, that is, one of the shares has a leverage effect. However, the leverage effect of each fund is not the same and will change as its net worth changes.

2. Differences from traditional base closure

1. The fund structure is different. The time for the holders’ meeting is clearly stipulated to ensure that the holders’ meeting can exercise the rights granted by the Fund Law. right.

2. The investment restrictions are different. Innovative base closure is likely to moderately relax investment restrictions and expand the selection of investment targets. Investment ratio restrictions are moderately relaxed.

3. The operation mode is different. It can be designed as "half-closed and half-open" or other innovative trading models, and the discount rate can be reduced through regular and moderate opening to improve its liquidity.

4. The length of the renewal period is different. The duration should be shortened and should not exceed five years; the fund company that applies for scale will limit the scale to 4 billion.

5. Differences in income distribution, reducing fixed rates and increasing performance rewards, thereby urging managers to be diligent and perform their duties.