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How does Public Offering of Fund raise funds and securities?
Not all publicly issued funds can borrow and sell securities. Only some funds that can be traded in the market can borrow and sell securities, mainly ETFs. Investors who receive this kind of margin financing and securities lending can operate as long as they open margin financing and securities lending.

The credit securities account shall not be used for buying, selling or transferring securities or Hong Kong stocks, nor for participating in the subscription and redemption of private placement, stock-traded open index funds and bond-traded open index funds, fund merger and split, bond repurchase transactions, B-share transactions, etc.