Medical funds are stock funds, but not all medical funds are stock funds. For example, the Huabao Medical ETF linked to A Medical Fund is a stock fund. Stock-type medical funds are generally high-risk funds.

Medical funds refer to the funds that institutions that are not included in the scope of public medical expenditures draw from their income in accordance with the public medical expenditure standards stipulated by the local financial department and use them for employees' public medical expenses in accordance with the relevant provisions of the public medical system.