Subscription funds shall be confirmed before T day 15. Generally, the subscription application is confirmed on T+ 1 trading day, and the confirmation results can be inquired on T+2 trading days, and holidays and weekends are non-trading days. (QDII funds are generally confirmed by T+2)

To apply for the subscription of China-Hong Kong Mutual Recognition Fund, the application will be submitted on T day, confirmed on T+2 day, and the confirmation result can be inquired on T+3 day. It should be noted that the trading day of China-Hong Kong Mutual Recognition Fund is the same trading day in Chinese mainland and Hong Kong, and only one party's opening of the market is not counted as the trading day of China-Hong Kong Mutual Recognition Fund.

First, the advantages and risks of subscription funds

1. Advantages: During the fundraising period, the net profit of the fund is generally low and the cost is low. The potential of the fund is considerable, and the upper limit of fund income is also very high. The advantage of the reserved fund lies in the cost advantage in the early stage.

2. Risk: the subsequent trend cannot be judged, and it is easy to reserve investment risks in the later period. In addition, the fund construction period is long, and there is no income during the construction period.

Second, the classification of funds.

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investors, it can be divided into four categories: money fund, bond fund, mixed fund and stock fund.