What does the strategic placement fund mean?
First of all, we need to know what strategic delivery is. Strategic placement refers to the placement of shares by strategic investors, usually large institutions, who are willing to lock in new shares for a long time in order to obtain the preemptive right of new shares.
Funds issued by strategic investors are strategic placing funds, and ordinary investors can invest in a new share by subscribing for fund shares. This kind of foundation is closed for a long time, and the proportion of a single stock will not exceed 10%. Undistributed funds can be invested in high-rated fixed-income assets to manage idle funds, rather than buying stocks through the secondary market.
The largest IPO in China capital market this year is Ant Financial, which also has a corresponding strategic placement fund. At present, Huaxia, CEIBS, Penghua, Huitianfu and Yifangda's innovative future1August closed hybrid funds have been officially approved and will be put on sale on September 25th.