SSE 50 is a LOF fund. Under the traditional grading model, the parent fund share of graded funds is not listed and cannot be listed and traded. After the SSE "opens" the LOF authority of the graded fund, the parent fund share and A and B sub-funds of the graded fund can be listed and traded, and the parent fund can also be purchased and redeemed in the primary market, which makes it possible for investors to arbitrage in the primary and secondary markets.