In my country, there are two main ways to issue securities investment funds: online issuance and offline issuance.

Online distribution method. It refers to the issuance method in which the issued fund units are sold to the general public through securities business departments across the country that are connected to the trading system of the stock exchange. The offline issuance method refers to the issuance method in which the funds to be issued are sold to the public through securities or bank business outlets distributed in a certain area.

When issuing funds online, the process for investors to subscribe for funds can be divided into two steps:

In the first step, investors set up a stock account (or fund account) at the securities business department ) and capital account, which gives you the qualification to buy funds. On the day of fund issuance, if investors have funds available for fund subscription in the capital account opened in the business department, they can go to the fund sales outlet to fill out the fund subscription form to subscribe for the fund.

In the second step, within a few days after the subscription date, investors go to the bulletin board of the sales department to confirm the allocation number of the fund they subscribe for, and check the lottery winning numbers published by relevant newspapers and periodicals to see whether they have won the lottery. If you win the lottery, the corresponding fund units will be transferred to the account.

If it is issued offline, investors should go to the local securities registration company to open a stock account (or fund account) within the specified time, and deposit the subscription funds directly into the designated bank or securities business outlet; After that, the institution responsible for the sale will allocate proportionally according to the prescribed procedures. The funds allocated to investors will be automatically transferred to their accounts, and the balance that has not been allocated will be returned to investors within the specified time.