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What does the latest price of on-site funds mean?
The market value of the on-site fund on that day.

The latest price of the on-site fund is the latest net value of the fund, which is generally the net value announced after the stock market closes that day. Net fund value = (total fund assets-total fund liabilities)/total number of issued funds. Under normal circumstances, investors buy funds at different times, so the calculation of fund net value is also different.