Subscription refers to the purchase of a newly launched fund. After subscription, there is usually a 30-day closure period. During this period, the fund does not officially operate, that is to say, the subscribed fund will not start operating until one month later.

Subscription is the purchase of funds after the closure period, which is equivalent to selling stocks in the secondary market, and its price changes every day. On the second working day from the date of subscription, the fund began to operate.