Alipay funds are all off-site funds. OTC funds refer to funds that are not traded on the exchange. The funds on Alipay are products sold on a commission basis and do not need to be traded on the exchange. The funds on Alipay are open-end funds, which can only be purchased and redeemed. The price is determined by the net value of the fund. If it is a fund purchased on the same day, it is necessary to confirm the fund share on the second trading day.

OTC funds refer to funds that are not traded on exchanges, but mostly traded in fund companies and fund consignment agencies. On-site fund refers to the fund traded on the exchange, and the fund is traded in real time at the market price.