Some careful citizens may find that some open-end funds have two codes. For example, in the general fund list, the code of Yinhe Yintai Financial Fund is 150 103, but in some software of Galaxy Securities, the code is 16 1503. What's going on here? Which code is correct?

In fact, there is nothing wrong with these two codes, both of which are caused by historical reasons. The initial open-end funds were sold through banks, so the general list shows the code when the bank bought them. For example, the code of Yinhe Yintai Financial Fund at the time of bank purchase is 150 103. Generally speaking, the first two digits of the fund code of the same fund company are the same. With the introduction of new open-end funds, namely ETF funds and LOF funds, it is required that a small number of funds can also purchase on the exchange through the trading system of securities companies. In order not to be confused with the existing securities codes, another code has appeared, namely, funds starting with 16, 159 and 5 10 as seen in stock software. For example, the code of Yinhe Yintai is 16 1503.

Therefore, the former code is used to buy and sell funds through the banking system, and the latter code is used to buy funds through the online trading or telephone entrustment system of securities companies.