Public offering of funds must first apply for approval, and then the funds can be raised. Generally, the fundraising time varies from 15, and it is closed from the second day of the last fundraising day. We can only say the specific time of establishment, but not the establishment and raising, otherwise there will be misunderstanding.

Public offering fund (), a public offering fund is a securities investment fund that is supervised by the competent government department and publicly issues beneficiary certificates to unspecified investors. Under the strict supervision of the law, these funds have industry norms such as information disclosure, profit distribution and operation restrictions.

For example, at present, the closed-end funds in the domestic securities market belong to Public Offering of Fund. Public Offering of Fund and private equity funds have their own merits, and their healthy development is of vital significance to the development of financial markets. However, at present, only public offering funds are legally recognized, which is far from meeting the market demand.