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What are the reasons for fund subscription failure?
1. The fund subscription information is filled in incorrectly.

When handling open-end fund business, you should provide relevant information accurately and fill in relevant forms carefully. If the information is incorrect, the subscription application may be rejected.

2. The cancellation of the fund account has not been confirmed, and a new fund account was opened through other sales channels on the same day.

After the cancellation of the open-end fund account, it is necessary to wait for the entrustment confirmation (T+2 working days) before opening a new fund account, otherwise the new fund account will not be opened. Because the cancellation of the fund account has not been confirmed, and a new fund account is opened through other sales channels on the same day, the new fund account will not succeed, so the subscription entrustment on the same day failed. You can open a new fund account through other sales channels two trading days after the successful confirmation of fund account cancellation.

3. The fund company suspends or refuses the subscription of investors.

In addition, open-end funds will suspend or refuse investors' subscription when there are circumstances stipulated in the fund contract and prospectus. Generally, it includes the following situations:

1) force majeure;

2) The stock exchange is abnormally closed during trading hours;

3) The fund management company believes that the market lacks suitable investment opportunities, and continuing to accept the subscription may harm the interests of existing fund holders;

4) Subscriptions that the fund management company believes will harm the interests of existing fund holders;

5) Insufficient technical support or personnel support from fund management companies, fund custodian banks, fund sales institutions or registration institutions;

6) Other circumstances stipulated by laws and regulations or recognized by China Securities Regulatory Commission. When the subscription is suspended and reopened, the fund management company will make an announcement on the information disclosure media designated by the China Securities Regulatory Commission.

Stock trading is the buying and selling of stocks. There are two main forms of stock trading, one is to buy and sell stocks through the stock exchange, which is called floor trading; The other is to buy and sell stocks without going through the stock exchange, which is called OTC. Most stocks are bought and sold on stock exchanges, while over-the-counter trading is only perfect in the United States, but not in other countries, or it is just starting. The main process of stock trading (floor trading) is as follows: (1) Opening an account. If customers want to buy or sell stocks, they should first open an account with a brokerage company. (2) Through instructions, after opening an account, customers can buy and sell stocks through their brokers. Every time a stock is bought or sold, the customer gives an order to the brokerage company, and the brokerage company quickly transmits the customer's order to its broker in the exchange, and the broker executes the order. (3) During the trading process, as soon as the brokers in the exchange receive the instructions, they will quickly go to the trading desk (trading hall) where the stocks are bought and sold to execute the instructions. (4) Delivery: After stock trading, the buyer pays cash to obtain the stock, and the seller hands over the stock to obtain the cash. Some delivery procedures are carried out after the transaction, and some are completed through clearing companies within a certain period of time, such as a few days to dozens of days. (5) After the transfer and delivery, the new shareholder shall go through the transfer formalities with the issuing company where he holds the shares, that is, register his name and the number of shares held in the company's register of shareholders. When this step is completed, the stock exchange is finally completed.

The first thing that new shareholders should do is to open a stock account (that is, a shareholder card) for themselves. A stock account is equivalent to a "bank account", and investors can only buy and sell securities by opening a stock account.

If you want to buy and sell stocks listed in Shanghai and Shenzhen, investors need to open stock accounts in Shanghai Stock Exchange and Shenzhen Stock Exchange respectively. The opening of Shanghai and Shenzhen A-share stock accounts must be handled by the securities registration company or its authorized account-opening agency.

There are many different kinds of stock accounts. Individual investors need to open A-share accounts if they want to buy and sell A-shares in Shanghai and Shenzhen stock markets.