From issuance to centralized subscription, the foundation is closed for several months (fund managers use the raised funds to buy various securities), and then it is opened, and investors can freely apply for redemption.

If the size of the fund is too large, the subscription of the fund is suspended but can be redeemed. If the scale is too small, the fund will be strongly promoted to be purchased by investors (through marketing means such as dividends or splitting).

If a new fund is snapped up by many people during the offering period, then the fund will be placed in a certain proportion, which means that you may not buy it or buy it in full if you have money.