Real-time subscription of on-site monetary funds refers to the standardized monetary fund subscription declaration submitted by investors at the trading time specified by Shanghai Stock Exchange, and the Shanghai Stock Exchange system confirms whether the subscription declaration is valid in real time, and confirms that the effectively subscribed fund shares enjoy the expected annualized expected income of the fund on that day.
Real-time redemption of money funds refers to the real-time subscription and redemption of money funds through the exchange floor system. Real-time subscription business of on-site monetary fund means that investors submit standardized monetary fund subscription declaration at the trading time specified by the Shanghai Stock Exchange, and the Shanghai Stock Exchange system confirms whether the subscription declaration is valid in real time, and confirms that the effectively subscribed fund shares enjoy the expected annualized expected income of the fund on the current day and can be redeemed on the next trading day; Real-time redemption means that investors submit a redemption declaration that meets the requirements within the trading time, and the Shanghai Stock Exchange confirms whether the redemption declaration is valid in real time. The funds corresponding to the effectively redeemed fund shares are received on the same day and can be withdrawn on the next trading day.
Real-time redemption of monetary funds of the Shanghai Stock Exchange is conducted through the comprehensive business platform of the Shanghai Stock Exchange.
The real-time redemption of the money fund of Shenzhen Stock Exchange is carried out through the ETF system, which is basically the same as the subscription, subscription and redemption methods of the existing ETF. After the establishment of the fund, it will open the market for subscription and redemption, and will not be listed and traded.
Innovation:
Through on-site purchase and redemption, the exchange system confirms the redemption application in real time, shortening the application cycle, purchasing on T day and redeeming on T+ 1 day; Funds redeemable on T day, available on T day and available on T+ 1 day.