the official name of Shanghai and Shenzhen a shares is RMB ordinary shares. It is a common stock issued by domestic companies for domestic institutions, organizations or individuals (excluding investors from Taiwan, Hong Kong and Macao) to subscribe and trade in RMB. A-share is not a physical stock. It is recorded electronically without paper, and the "T+1" delivery system is implemented, with the limit of price increase or decrease (1%). The participating investors are Chinese mainland institutions or individuals.

close-end funds refer to the fact that when the fund sponsors set up the fund, they limit the total amount of the fund units. After the total amount is raised, the fund is declared to be established and closed, and no new investment will be accepted for a certain period of time. The circulation of fund units adopts the method of listing on the stock exchange, and investors must bid on the secondary market through securities brokers when buying and selling fund units in the future.

I hope you are satisfied. Good luck! ^_^