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What does the fund share in Alipay mean?
Fund share is also the number of funds. The calculation of Alipay fund share is related to subscription amount, subscription fee and net value of fund unit. The calculation formula is:

Fund share = fund subscription amount /( 1+ subscription rate)/fund unit net value. There is no need to pay a special handling fee to buy a fund. In addition, it should be noted that buying a fund is to buy a fund according to the amount, but it must be redeemed according to the share when redeeming.

Extended data

1. The fund manager submits the listing application, listing announcement, fund raising application approval document, fund share offering document, fund contract, fund custody agreement, capital verification report, qualification certificates of fund manager and fund custodian, fund property custody certificate, etc. to the stock exchange. And apply to the stock exchange for listing and trading of fund shares.

2. The stock exchange shall review the documents submitted by the fund manager, issue audit opinions on those that meet the requirements for listing and trading, draw up the time for listing and trading, and attach relevant documents, which shall be submitted to the the State Council Securities Regulatory Authority for approval.