Investors need to hold Shenzhen A-share accounts or securities investment fund accounts, as well as Shanghai Gold Exchange gold accounts, in order to participate in the purchase of spot gold firm contracts. Before investors participate in the purchase of spot real gold contracts for the first time, they must complete the account filing in accordance with the relevant regulations of Shanghai Gold Exchange.
Investors who only hold Shenzhen A-share accounts can not only participate in the secondary market transactions of the fund's fund shares, but also participate in the cash subscription and redemption of the fund's on-site shares; Investors who only hold the fund account of Shenzhen Stock Exchange can only participate in the secondary market transaction of the fund share of this fund, and cannot participate in the subscription and redemption of this fund.
When purchasing fund shares through bidding, the declared quantity should be 100 or its integral multiple; When selling fund shares, the part with the balance less than 100 shall be declared for sale at one time. The maximum number of single declaration of fund share bidding transaction shall not exceed 6,543,800+0,000.
The minimum subscription and redemption unit for the on-site share of the Fund is 300,000. Before applying for spot share subscription, investors must prepare the spot firm contract of AU99.95 or AU99.99 or the combination of two spot firm contracts of AU99.95 and AU99.99 according to 3000g or its integer multiple.
The application for subscription and redemption shall not be revoked after it is submitted.
The market share that investors buy on T day can be sold on T day.
The market share bought by investors on T-day can be redeemed with cash as the consideration on T-day, and can be redeemed with the firm contract of gold spot bonds on T+ 1 day.
The market share purchased by investors in the form of cash coupons on T day can be sold or redeemed on T day; The market share subscribed by investors in cash on T Day shall not be redeemed or sold before delivery.
After investors redeem their market share in cash on T-day, they can sell the gold spot firm contract obtained by redemption on T-day.