It usually takes about 3 months for a new fund to open a position. Generally speaking, the new foundation will open a position in the closed period, which generally does not exceed 3 months, so it takes about 3 months for the new fund to open a position, which can basically be completed in 3 months.

The fund closure period refers to the period when investors no longer accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. According to the Measures for the Administration of the Operation of Securities Investment Funds, the closed period of the funds shall not exceed 3 months.