1. Investors can participate in the on-site business of listed open-end funds in two ways: one is to buy and sell fund shares through electronic matching through the trading system, which is consistent with the stock buying and selling operating procedures; the other is through the trading system When handling subscriptions and redemptions, transactions will be made based on the net value of fund shares after the market closes on that day. Investors can freely switch and choose between the two participation methods of secondary market trading and subscription and redemption, without having to go through cross-system transfer custody procedures.

2. Investors who hold fund shares on the Shenzhen Stock Exchange (in Shenzhen Securities Accounts) can directly choose to sell or redeem any fund shares obtained through subscription, subscription or purchase. One way to cash out. Specifically, (1) the fund shares subscribed during the fund raising period can be traded in the secondary market at the electronic matching price after the fund is listed, or you can choose to redeem them at the net value of the fund shares on that day; (2) on T day in Shenzhen Stock Exchange Fund shares subscribed (transacted based on the net value of fund shares) can be sold or redeemed on the Shenzhen Stock Exchange on T+2; (3) Fund shares purchased (transacted at the electronic matching price) on T+1 can be sold or redeemed on the Shenzhen Stock Exchange on T+1 Sell ??or redeem on Shenzhen Stock Exchange.

3. Eliminate discounts. Since investors can directly choose to sell or redeem the shares held in the market, market operation efficiency is greatly improved, and the secondary market transaction price of listed open-end funds will become consistent with the net value of fund shares.

4. Liquidity is greatly enhanced. Due to the addition of on-site subscription and redemption business functions, when transactions in the secondary market of listed open-end funds are not smooth, subscription and redemption can be processed immediately through the trading system, ensuring the liquidity of fund shares.