Like buying and selling stocks, the first step in buying and selling closed-end funds is to open an account in the securities business department, including capital account and capital account. If you open an account as an individual, you must bring your ID card or military officer's card. To open an account as a company or enterprise, you must bring a copy of the company's business license, legal person certificate, legal person power of attorney and ID card of the agent. Before buying and selling closed-end funds, cash must be deposited in a bank that has been networked with the selected securities company, and then the money in the passbook must be transferred to the investor's margin account at the securities business department. After that, you can entrust the securities business department to declare or entrust the trading of fund shares through intangible offer, telephone and other means. It must be noted that if you already have a stock account, you don't need to open a fund account. The original stock account can be used to buy and sell closed-end funds. However, the fund account cannot be used to buy and sell stocks, but can only be used to buy and sell funds and government bonds.

open-ended fund

The procedures for opening an account of an open-end fund include three points: 1. Fill in the application form for opening an account at fund sales outlets such as fund management companies, banks with fund consignment qualifications or securities business departments, and handle the account opening. 2. If you open an account as an individual, you should bring your ID card and seal. If you open an account as an enterprise or company, you should bring a copy of the company's business license, legal person certificate, legal person power of attorney, agent's ID card and seal to handle the account opening procedures. Three, must reserve a bank deposit account to accept redemption money. After opening an account, you can buy an open-end fund as long as you prepare the funds for purchasing the fund in the way stipulated by the sales organization, fill in and submit the application form. Similarly, as long as you fill in and submit the redemption application form at the sales outlets, you can sell the fund. Usually, two days after applying for buying or selling, you can print the confirmation form at the sales outlets, or check the confirmation of fund transactions through the customer service phone of the fund management company. In addition, within 7 days after applying for selling, the redemption funds will be transferred to the bank deposit account designated by the customer.