For graded funds listed on the Shanghai Stock Exchange, the fund codes all start with "50", and the parent fund is connected with the A and B share codes;

For graded funds listed on Shenzhen Stock Exchange, the parent fund code starts with "160", and A and B shares start with "150".

2. Is the parent fund listed and traded?

Whether the parent fund is listed or not is a big difference in the trading rules of graded funds between Shanghai and Shenzhen Stock Exchanges.

On the Shanghai Stock Exchange, the graded parent fund and its A and B shares will be listed and traded at the same time; In Shenzhen Stock Exchange, only A and B shares are listed and traded among graded funds, and the parent fund will not be listed and traded.

This also leads to the differences in other trading rules of graded funds in Shanghai and Shenzhen Stock Exchanges.

3.T+N rules are different for buying and redeeming.

The graded parent fund of Shanghai Stock Exchange is bought on the same day and can be sold on the same day;

The graded parent fund of Shenzhen Stock Exchange can be purchased on the same day and redeemed the next day.

4. Split and merge, T+N

Grade of Shanghai Stock Exchange: indirect T+0. Buying the parent fund on the same day can be split on the same day, and the A and B shares obtained after splitting can be sold on the same day; Similarly, shares A and B bought on the same day can be merged on the same day, and the merged parent fund can be sold or redeemed on the same day.

Grade of Shenzhen Stock Exchange: T+ 1. Split the parent fund on the same day and sell it after obtaining A and B shares the next day;

Share A and share B are merged on the same day, and you can apply for redemption after obtaining the parent fund the next day.

5, merger threshold

The threshold for the number of split and merger declarations of graded funds in Shanghai Stock Exchange is relatively high, which should be an integer multiple of 65,438+000 and not less than 50,000 (calculated by the share of the parent fund).

The number of split and merger declarations of graded funds in Shenzhen Stock Exchange only requires no less than 100.

Tips: The above instructions are for reference only and do not make any suggestions. There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.

Reply time: 202 1- 12-08. Please refer to the latest business changes announced by Ping An Bank in official website.