Subscription and subscription of open-end funds are not the same thing. Subscription is in the raising period, and subscription is after the end of the raising period and closing period.

The process of investors buying fund shares during the raising period of open-end funds and before the establishment of funds is called subscription. Investors who subscribe for this fund shall fill in the subscription application form at the fund sales point and pay the subscription fee. The registration authority shall go through the relevant formalities and confirm the subscription.

After the establishment of open-end funds, the process of investors applying to fund management companies for purchasing fund shares through sales agencies is called subscription.