Knowledge expansion

Money funds listed on the exchange can be bought and sold directly, and investors need to have stock accounts or corresponding fund accounts. In other words, there are stock accounts that can buy money funds from Shanghai Stock Exchange and Shenzhen Stock Exchange.

However, if there is only an on-site fund account, the Shanghai Stock Exchange account can only buy the Shanghai Stock Exchange Monetary Fund, while the Shenzhen Stock Exchange Fund account can only buy the money fund listed on the Shenzhen Stock Exchange.

Investors can be distinguished from the fund code: funds starting with 18 or 17 are Shenzhen Stock Exchange index funds; Funds starting with 500 or 550 are funds of the Shanghai Stock Exchange. There is no difference between the two except the code and the listed exchange.

The difference between funds listed on Shanghai Stock Exchange and Shenzhen Stock Exchange and ordinary money funds is that transactional money funds are more liquid and can be used as margin for margin financing and securities lending business, with a maximum conversion rate of 90%. In addition, the money fund traded on the floor can be traded at T+0, and the money fund traded over the counter usually takes 2 working days to arrive after redemption.

The above are all replies from Xiaobian, hoping to help you!