Legal analysis: There is a limit on the number of temporary open days for private placement products, once a month. Funds that are open every month can be purchased and redeemed every month, and it is necessary to notify the outsourcer of the open day two working days in advance.

Legal basis: notes for filing private investment funds

Article 30 The investment scope of private equity investment funds mainly includes stocks, bonds, futures contracts, option contracts, securities fund shares and other assets recognized by the China Securities Regulatory Commission.

Article 31 Private fund managers should make overall consideration of the liquidity of investment targets, investment strategies, investment restrictions, sales channels, types and risk preferences of potential investors, investor structure and other factors, set a matching opening period, and strengthen the management of investors' short-term redemption behavior.

If a temporary open day is set in the fund contract, the trigger conditions of the temporary open day shall be clearly defined, and in principle, the subscription/subscription (subscription) shall not be continued by using the arrangement of the temporary open day.