1. Closed-end funds are generally converted into open-end funds after maturity and traded at net value; The trading of closed-end funds is the same as that of stocks; The net value after stopping trading will change according to the rise and fall of the stocks held; When the fund company announces that it will hold a general meeting of shareholders when the market opens at maturity, it will suspend trading.

2. The issue share of closed-end funds is fixed. After subscription, they cannot subscribe, and they can only obtain shares through transfer. Its net value is determined by the market value and trading volume of the shares held. It can be traded in relevant banks and securities companies.

3. The duration of closed-end funds is set at the time of issuance. After the expiration, the life of closed-end funds will be over, or turned into open-end funds, or liquidated, or the duration will be extended. At present, most of them are converted into open-end funds.

When open-end funds are traded on the counter, they are all traded on the basis of the net value of the fund, but now the price of closed-end funds is generally lower than the net value of the fund. Therefore, the transaction price of closed-end funds will return to the net value of funds when they are open.