The opening of sales at 15:00 on a trading day refers to the time period during which open-end funds accept subscriptions, conversions, redemptions or other transactions.

Generally speaking, it refers to the market closing time from 9:30 to 15:00 every working day, and from 11:30 to 13:00 noon.

Fund trading hours refer to the time period during which open-end funds accept subscription, conversion, redemption or other transactions.

The trading hours of the fund are the trading hours of stocks, from 9:30 am to 3:00 pm every day.

Funds applied for trading during non-trading hours will be traded based on the closing price of the next day.

Funds can be divided into broad and narrow senses. In the broad sense, they refer to a certain amount of funds established for a certain purpose, such as trust investment funds, provident funds, retirement funds, etc.; in the narrow sense, they refer to funds with specific purposes and uses.

Funds mainly refer to securities investment funds.

The income of securities investment funds comes from the future, and the income performance is inseparable from the performance of the underlying market, which carries certain risks.

According to different standards, securities investment funds can be divided into different types: 1. According to whether fund units can be added or redeemed, they can be divided into open-end funds and closed-end funds.

Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass

Fund units are bought and sold in the secondary market.

2. According to different organizational forms, they can be divided into corporate funds and contract funds.

A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund.

China's securities investment funds are all contractual funds.

3. According to the differences in investment risks and returns, funds can be divided into growth, income and balanced funds.

4. According to different investment objects, it can be divided into stock funds, bond funds, money market funds, futures funds, etc.