The so-called primary market is to buy goods from commodity producers, such as buying houses directly from developers, which is a primary market transaction; If you buy a second-hand house, it is a secondary market transaction. So the primary market is also called the primary market, and the secondary market is also called the circulation market. For stocks, the purchase of newly issued stocks of enterprises is a primary market transaction; Buying the listed shares of stock holders is a secondary market transaction. The same is true of funds. Buying (subscribing or purchasing) or selling (redeeming) the purchased fund directly from the fund company and its agency is a primary market transaction. The secondary market of stocks and funds is currently the China Stock Exchange.

Primary market transactions are also called OTC transactions; Secondary market transactions are called floor transactions.

Primary market transactions: 1. Banking counter. Online banking transactions. Trading on the fund company's website is called "direct selling". At the counter of the securities company.

Investors who choose to trade on the floor need to hold their ID cards and bank cards to open accounts with securities companies recognized by Shenzhen Stock Exchange and Shanghai Stock Exchange. The account opening process of each securities company is similar, some need to fill out forms, and some need to leave video materials. If you open a fund account, only

Can buy and sell open-end funds like banking counters, and the handling fee is the same as banking counters, but in view of competition, some securities companies will give preferential treatment. If you open a stock account, you can either trade stocks or buy and sell funds like stocks. The opening fee of stock account is higher than that of fund account, but some securities companies can do it for free. After opening an account, you need to go to the bank to open a bank-securities transfer procedure, install the software that the securities company will give you at home, and you can log in to the transaction. The purchase and redemption of open-end funds during trading hours are the same as those at the bank counter. For closed-end funds, ETF funds and LOF funds, you can conduct secondary market transactions, that is, on-site transactions, and use competitive bidding to close the transaction at a matching price, and charge a commission of no more than 0.3%.

Securities companies generally sell the products of most fund companies on a commission basis, with a wide range of choices. The account managers of securities companies have professional investment ability and can provide good analysis and suggestions. They can entrust securities companies to handle various trading procedures of funds through online transactions and telephone calls. Funds can be transferred from online banking to the account of a securities company or from a securities company to an online banking card.

Closed-end funds, ETF funds and some graded funds can only be traded in the secondary market.