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What is the relationship between fund code and fund? Is it related to the establishment time of the fund?
The fund code is just a number. Generally, the first number represents the fund company, and the last few represent its products.

I haven't paid special attention to it, and I can't say that it has nothing to do with the establishment time, because the number of funds issued by the same company is higher first.

Codes, like stock codes, are easy to remember.