One day. The end date of capital verification is the fund share conversion date, and the fund manager will convert the fund share so that the net value of the fund share on the end date of capital verification is 65,438+0.0000 yuan. Then, according to the net value of the fund shares on that day, the fund shares that investors should get for centralized subscription are calculated, and the shares that investors should purchase for centralized subscription are registered and confirmed by the registration institution.

Regular conversion is usually carried out on the first working day of each year or the open day after the fund completes 1 operation cycle. There is no time limit for irregular conversion, which requires triggering conditions, such as the net value of the parent fund reaching1.5; Or the net value of B share falls to 0.25, which means that a fast rise and a bad fall will trigger the irregular conversion of funds, but this will only happen to listed funds.

Extended data:

According to the relevant regulations, the approval procedures for the listing of fund shares are as follows:

1. The fund manager submits the listing application, listing announcement, fund raising application approval document, fund share offering document, fund contract, fund custody agreement, capital verification report, qualification certificates of fund manager and fund custodian, fund property custody certificate, etc. to the stock exchange. And apply to the stock exchange for listing and trading of fund shares.

2. The stock exchange shall review the documents submitted by the fund manager, issue audit opinions on those that meet the requirements for listing and trading, draw up the time for listing and trading, and attach relevant documents, which shall be submitted to the the State Council Securities Regulatory Authority for approval.

3. The securities regulatory authority in the State Council shall examine the documents submitted by the stock exchange in accordance with regulations, make a decision of approval or disapproval, notify the stock exchange and the fund manager, and explain the reasons for disapproval.

4. If the application for listing and trading of fund shares is approved by the the State Council Securities Regulatory Authority, the stock exchange will issue a listing announcement and sign a listing and trading agreement with the fund manager to arrange the listing and trading of fund shares.

Baidu Encyclopedia-Fund Share Conversion