1, trading time
The trading hours of treasury bonds ETFs are the same as those of stocks, that is, from 9: 30am to11:30am and from13: 00pm to15: 00pm from Monday to Friday. Trading is not allowed on weekends and legal holidays.
2. Price limit
The price limit of treasury ETF is 10%.
3. Entrusted quantity
At least 100 copies are entrusted, that is, assuming the price of the treasury ETF is 1000 yuan, then at least 10000 yuan is needed to participate. Then it will be increased by an integer multiple of 65,438+000 shares or 65,438+000 shares, with a maximum of 654,380+000 shares.
4. Trading system
T+0 trading system is implemented for treasury bonds ETFs, that is, treasury bonds ETFs bought on the same day can be sold or redeemed on the same day, and the liquidity is still relatively high. However, after selling the government bond ETF, you can use the funds on the same day, such as buying the government bond ETF again or buying other wealth management products, and you can withdraw the cash on the second trading day.
Transaction costs:
Since ETF funds can be traded both on-site and off-site, their handling fees need to be analyzed according to their trading places:
1. On-site Treasury ETF
On-site treasury ETF only charges trading commission, and there is no subscription fee and redemption fee. The trading commission shall be charged according to the proportion stipulated by the securities company. Some securities companies do not have the minimum 5 yuan limit, which generally does not exceed 3% of the transaction amount, and at least trade in 5 yuan.
2. OTC Treasury ETF
ETF trading of OTC treasury bonds requires a certain subscription fee and redemption fee (management fee and custody fee are directly deducted from the fund, not charged separately). The subscription fee is related to the transaction amount, and the redemption fee is related to the time. The larger the transaction amount, the lower the subscription fee, the longer the holding time and the lower the redemption rate, which may even be 0.
Purchase method:
There are two ways to buy and sell treasury ETF, one is to buy it on a third-party platform other than banks and other trading places, and the other is to buy it on stock software cooperated by securities companies.
The index tracked by the Treasury ETF is the 5-year Treasury ETF index, and the 5-year government bond index of SSE is tracked by the optimized replication method. The investment scope is mainly the constituent bonds and substitute bonds of the underlying index, including bonds listed legally in China, money market instruments, treasury bonds futures, laws and regulations or other financial instruments allowed by the China Securities Regulatory Commission.