The word "field" in these two words, on-site and off-site, refers to the stock trading market, which is where stocks are bought and sold.

There are two stock trading markets for A shares (the abbreviation of our country’s stock market), the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

The Shanghai Stock Exchange is divided into the main board and the Science and Technology Innovation Board;

The Shenzhen Stock Exchange is divided into the main board, the small and medium-sized board, and the GEM.

As long as it is something on the market, whether it is stocks, convertible bonds, or funds on the market, it can only be bought and sold through stock trading software.

Stock trading software is a product provided by a large number of securities companies such as Huatai Securities, Haitong Securities, Guotai Junan, etc.

For example, if I open a stock account with Huatai Securities, I can buy stocks, convertible bonds, and exchange-traded funds currently traded on the Shanghai Stock Exchange and Shenzhen Stock Exchange at the same time.

Improving new stocks and convertible bonds is naturally done in the stock account and is done on the market.

02 Let’s talk about OTC

OTC is the trading place outside of the exchange just mentioned, such as banks, Internet fund sales platforms, etc.

Over-the-counter funds are mainly sold, and stocks and convertible bonds cannot be bought over-the-counter.

Funds sold on the market are called OTC funds. (Isn’t that reasonable?)

When buying funds over the counter, there is a subscription fee, usually 1.2%, which is quite expensive.

Banks are a typical example. Although it is very convenient to buy OTC funds in banks, the subscription fees are not discounted and are not recommended.

On Internet fund sales platforms, such as Tiantian Fund, Egg Roll Fund, Alipay, etc., the subscription fee is generally 10% off, from 1.2% to 0.12%, which is much more affordable.

Internet fund sales platforms are only responsible for selling funds. The funds we buy are all hosted in banks and are extremely safe. Therefore, if you buy OTC funds, it is recommended to buy them from Internet fund sales platforms.