However, there are some obstacles for foreigners to buy LOF funds. LOF funds can be sold in both on-site and off-site ways. In the case of off-site sale, there are no legal and operational obstacles for foreigners to purchase funds. On-site sales or transactions are different. According to Article 3 of the Business Guidelines for Listed Open-end Funds, investors who subscribe for listed open-end funds through Shenzhen Stock Exchange should hold ordinary RMB accounts or securities investment fund accounts in Shenzhen. According to the provisions of the Securities Law of People's Republic of China (PRC) and the Rules for the Administration of Securities Accounts of China Securities Depository and Clearing Co., Ltd., only domestic investors who are allowed to buy and sell A shares by national laws, regulations and administrative rules can open A-share securities accounts. Therefore, for foreigners, there are still obstacles in opening accounts by subscribing LOF funds through exchange member units.
2. What funds can foreigners buy? The specific need to consult the fund company, because there is no legal prohibition, so it is actually the fund company in charge. For example, TEDA Manulife believes that according to relevant national laws and regulations, securities investment funds are only open to domestic citizens and qualified overseas investment institutions, and overseas individual investors cannot buy them. For intentional fund products, you should consult its customer service hotline, and it should be some time.