2. Besides, is CICC legal? CICC is a state-owned enterprise, and its main business includes fund raising, fund sales, asset management of specific customers, asset management and other businesses licensed by China Securities Regulatory Commission. Is an older company, compared with many ordinary companies, it is still more reliable and legal. What you are consulting may be a fraud gang in the name of CICC fund, which is illegal. What is a fund and what is the difference from stocks? In a broad sense, funds refer to a certain amount of funds set up for a certain purpose, including trust and investment funds, provident funds, insurance funds, retirement funds and various foundations. In a narrow sense, it refers to funds with specific purposes and uses.
First, the difference between funds and stocks:
1. Manager Different funds are managed by fund companies and stocks are managed by individual investors themselves.
2. The fluctuation of stock price can reach 10% in one day under different risk levels, while the fund adopts the method of portfolio investment to reduce investment risk, and the fluctuation of fund net value is generally within 3% in one day, which shows that the investment risk level of stock is greater than that of fund.
3. Price Determinants Different companies' operating conditions, credit status, dividend distribution policies and other factors determine the price of stocks, while the price of funds is determined by the price trend of multiple stocks.
4. Different rate of return Although the risk of stocks is higher than that of funds, their expected rate of return is higher and the possibility of the same loss is greater. Will the fund's fixed investment lose its principal? Fixed investment refers to investing in open-end funds with a fixed amount in a fixed period of time. Compared with the one-time purchase fund, it is less risky, suitable for long-term investment, and has the advantages of compound interest effect, average investment and diversified investment risks. But this does not mean that the fund will not lose money if it is fixed. What are the trading rules of the fund?
Two. Fund trading rules are as follows:
1, trading time. Daily subscription and redemption must be operated before 15:00 on the afternoon of the same day, and the application will be made on the next trading day if it exceeds. Fund transactions are generally applied on T day and confirmed on T+ 1 day.
2. The trading principle of "unknown price". That is, the purchase and redemption are based on the net value of the fund after the market closes on T day, and the amount of the fund to be bought or sold is calculated. Generally, the net value of the fund is announced on the evening of T day or the next morning.