LOF fund is called "Listened Open-Ended Fund" in English and "ListedOpen-EndedFund" in Chinese. In other words, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges.

However, if investors want to sell the fund shares purchased at designated outlets, they must go through certain transfer custody procedures; Similarly, if you want to redeem the fund shares you bought online on the exchange and redeem them at designated outlets, you must also go through certain transfer custody procedures.

LOFs (Listened Open-Ended Funds) is an open-ended fund, which can purchase or redeem fund shares in the OTC market at the same time, and organically link the OTC market and OTC market through the share transfer custody mechanism.

LOF refers to an open-end securities investment fund that is issued, listed and traded on the stock exchange. Listed open-end funds can be subscribed and traded centrally through stock exchanges, and can also be subscribed, purchased and redeemed through fund managers, banks and other consignment agencies. That is, on the basis of keeping the current open-end fund operation mode unchanged, increase the issuance and trading channels of the exchange.