2. Buying by shares is not buying by capital.

The price is calculated according to the price when you buy it (the price is different every moment). Investors generally participate in ETF secondary market transactions through the business departments of major securities companies-they only need to open an A-share account of Shenzhen Stock Exchange or a securities investment fund account in the securities company first, and then they can buy and sell through the business departments of the securities company. Trading time and trading method are the same as stock trading. The transaction cost of 100ETF is relatively low, free of stamp duty, and the commission for a single transaction does not exceed 0.30% of the transaction amount. The Shenzhen Stock Exchange 100ETF will be subject to a price limit of 10% from the first day of listing. The number of transactions declared is 100 or its integral multiple, and the block trading regulations can be used. Investors can also make subscription, redemption or arbitrage transactions in the primary market during trading hours, but the minimum subscription unit of the Fund is 6,543,800+0,000. Investors buy and sell ETFs with a depth of 100ETF according to the real-time transaction price displayed by Shenzhen Stock Exchange, which is different from buying and selling other open-end funds with unknown net worth. The trading price of Shenzhen 100ETF fluctuates slightly based on the real-time reference net value, and is calculated every 15 seconds, which is displayed on the exchange system and can be viewed by investors on the market display screen.