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Can the fund buy confirmed shares and sell them on the same day?
Yes, the fund T+ 1 trades, buys on the same day, and confirms the share on the second trading day. After the share is confirmed, it can be sold, that is, the fund can be bought on the same day and sold on the second trading day.

Funds are traded on a net basis (only one transaction price per day). Trading hours are: 9: 30am-1:30am from Monday to Friday, and1:30am in the afternoon-15: 00pm. Trading is not allowed on legal holidays.