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Open-end fund is not open-end subscription and redemption!
Theoretically, open-end funds can be purchased and redeemed at any time. However, during the closed period after fund raising, or when the fund scale is too large to operate, or when the redemption fund share exceeds 10%, the fund company will temporarily stop the subscription or redemption of the fund, and then announce the resumption of the subscription or redemption of the fund as needed.