The market value of the fund refers to the market value of the fund, that is, the circulation value. The net value determines the market value, but there are also deviations between the two. Changing at any time, fund assets refer to the actual value of each fund.
The market value of closed-end funds is less than the net value because the net value of closed-end funds will be liquidated after the end of closed-end funds. The market value of open-end funds is equal to the net value. In other words, the discount of closed-end funds is a closed-end influence.
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Examination and approval procedures for listing and trading of fund shares:
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.
3. The securities regulatory authority in the State Council shall examine the documents submitted by the stock exchange in accordance with regulations, make a decision of approval or disapproval, notify the stock exchange and the fund manager, and explain the reasons for disapproval.
Baidu encyclopedia-fund share
Baidu Encyclopedia-Fund Market Value