The face value of open-end funds is generally RMB 1 yuan; The subscription price is the face value of each fund share plus the subscription fee.

The process of investors buying fund shares during the raising period of open-end funds and before the establishment of funds is called subscription. Investors who subscribe for this fund shall fill in the subscription application form at the fund sales point and pay the subscription fee. The registration authority shall go through the relevant formalities and confirm the subscription.

After the establishment of open-end funds, the process of investors applying to fund management companies for purchasing fund shares through sales agencies is called subscription.

The calculation method of open-end fund unit quantity share subscription is as follows:

Subscription fee = subscription amount × subscription rate

Subscription share = (subscription amount-subscription fee) ÷T-day fund unit net value