A: (1) Both the parent fund share and the sub-share of the graded fund can apply for listing and trading. Shanghai Stock Exchange's graded parent fund shares and sub-fund shares are listed at the same time, while Shenzhen Stock Exchange's graded funds are listed only with sub-fund shares.

(2) The graded parent fund of Shanghai Stock Exchange can be bought and sold on the same day, and the graded parent fund of Shenzhen Stock Exchange can be purchased on the same day and redeemed the next day.

(3) The parent fund bought by the Shanghai Stock Exchange can be split on the same day, and the A and B shares obtained after the split can be sold on the same day; Shares A and B bought on the same day can be merged on the same day, and the merged parent fund can be sold or redeemed on the same day; The parent fund is split on the day of Shenzhen Stock Exchange classification, and can be sold after obtaining A and B shares the next day; Share A and share B are merged on the same day, and you can apply for redemption after obtaining the parent fund the next day.

(4) The number of merger applications at different levels of the Shanghai Stock Exchange should be an integer multiple of 65,438+000, and not less than 50,000 (calculated by the share of the parent fund); The number of applications for splitting and merging at different levels of Shenzhen Stock Exchange shall not be less than 100.