You can cancel the fund subscription before confirmation, but you can't cancel the fund subscription. During the subscription period, the subscription application is irrevocable once it is accepted. Moreover, there is a closed opening period after the subscription, and there is a requirement in the fund contract that it cannot be sold during this period, because this not only means the subscription period, but also means that the subscription and redemption business is not open during the closed period, which mainly brings a relatively stable capital environment for the fund to open positions. Once the fund subscription is confirmed, it shall not be revoked. After the fund subscription is completed, there will be a certain closed period, during which users are not allowed to sell, and the coordination ability is relatively poor. Moreover, the fund will lose money and make profits during the closed period, because the fund manager has already transferred positions at this time.

What is fund subscription?

Fund shares issued for the first time are called fund raising, and fund shares purchased during fund raising are called fund subscription. Usually the subscription price is the face value of the fund unit (USD) plus a certain selling fee. Investors who subscribe for the Fund shall fill in the subscription application form and pay the subscription fee at the fund sales point.