Legal analysis: Because the Beijing Stock Exchange has just been established, except for a few stocks with relatively large market capitalization, the others are all small-cap stocks, so the amount of funds that can be accommodated is relatively small.

This is why the Beijing Stock Exchange’s fund raising limit is 500 million.

With the exception of China Universal, China Southern, and Guangfa Fund, which have raised funds until December 2, the fundraising periods of several other funds are from November 19 to November 25.

The funds raised are small, and the market sentiment is relatively hot. It is expected that these 8 foundations will allocate proportionally, and the fundraising may be completed in one day.

Legal basis: "Administrative Measures for Fund Companies"

Article 3 The rights and obligations of fund managers, fund custodians and fund share holders shall be determined in the fund contract in accordance with this law. Agreement.

The fund manager and fund custodian shall perform their fiduciary duties in accordance with this Law and the provisions of the fund contract. Fund unit holders enjoy returns and bear risks based on the fund units they hold.

Article 4 When engaging in securities investment fund activities, the principles of voluntariness, fairness, good faith and credit shall be followed, and national interests and social public interests shall not be harmed.

Article 5 The fund contract shall stipulate the operation method of the fund. Fund operation methods can be closed-end, open-end or other methods.

Funds that adopt a closed-end operation mode (hereinafter referred to as closed-end funds) refer to the total number of approved fund shares that are fixed during the term of the fund contract, and fund shares can be traded on securities trading venues established in accordance with the law. , but fund unit holders are not allowed to apply for redemption of the fund.

Funds that adopt an open-end operation mode (hereinafter referred to as open-end funds) refer to funds in which the total number of fund shares is not fixed and fund shares can be subscribed or redeemed at the time and place stipulated in the fund contract.

The methods for the issuance, trading, subscription and redemption of fund shares of funds using other operating methods shall be separately prescribed by the State Council.