1. Closed-end financial products refer to financial products that cannot be redeemed in advance before the fixed redemption date published in the product manual or the product maturity date.

Common closed-end financial products include closed-end bank financial products, which are developed for subscription and redemption in fixed cycles.

In addition, the more common type of closed-end financial products is closed-end fund products. The definition of such closed-end funds is mainly in comparison with open-end fund products.

2. The difference between closed-end financial products and open-end financial products: 1. The income is different.

Generally speaking, closed-end financial products have relatively high returns, and they cannot be subject to early redemption or early redemption and other restrictions.

Open-type financial management fixed investment rules are simple, and the fixed investment amount can be operated if the fixed investment amount meets the integer multiple of the increment. The fixed investment time and frequency are not limited during product working days, but the yield is lower than that of closed financial management products.

2. The liquidity of funds is different.

Compared with closed financial products, open financial products have lower returns, and their biggest advantage is that they have better liquidity and can be redeemed in advance, which is more convenient for temporary capital needs.

However, for closed financial products, financial funds cannot be used during the product’s duration.

3. The cycles are different.

If the funds are to be used frequently, it is recommended to purchase open-type financial products. Because the cycle is short, you can redeem them in time when you need money. If you do not redeem open-type financial products, they are generally purchased automatically on a recurring basis.