Fund share is the number of funds held by investors, and the fund share at the time of redemption may be the same as that at the time of purchase, or it may be different. Because the fund adopts the compound interest model, it will continue to invest after dividends are paid. When redeeming, the system will generally automatically calculate the share of the fund, and investors only need to select the corresponding redemption share quantity, and do not need to calculate it by themselves.
Fund share registration refers to the registration of fund share holders and fund share holders' amount changes caused by subscription, purchase and redemption of fund shares, and the registration of fund share holders' rights and interests changes caused by fund dividends. In order to make fund managers focus on the investment operation of fund property, expand the number of fund shares sold and facilitate investors to register fund shares, fund managers can not only register fund shares themselves, but also entrust commercial banks, registration and clearing companies and other institutions to register fund shares by using their business networks. If the fund manager entrusts others to handle the fund share registration on his behalf, the main responsibility of the institution entrusted by the fund manager to handle the fund share registration business is to establish and manage the investor's fund share account; Responsible for the registration of fund shares; Fund transaction confirmation; Dividend distribution by agents; Establish and keep a register of fund share holders; Other duties stipulated in the registered agency agreement.
According to the provisions of the Securities Law, a stock exchange is a non-profit legal person organization that provides a place for centralized bidding transactions of securities, can formulate specific rules for centralized bidding transactions of securities in accordance with securities laws and administrative regulations, and conduct self-discipline supervision on exchange members and securities transactions conducted in this exchange in accordance with its articles of association and trading rules. In order to give full play to the self-regulatory role of the stock exchange, simplify the procedures for listing and trading fund shares, and improve the efficiency of examination and approval of listing and trading fund shares, this article stipulates that the the State Council securities regulatory authority may authorize the stock exchange to approve the listing and trading of fund shares in accordance with legal conditions and procedures.