Trading places are different. Closed-end funds are traded in the stock (A-share) market; Open-end funds are basically purchased and redeemed at the bank designated by the fund.

2、

Trading methods are different. After the closed-end fund is issued, it can only circulate in the securities market, that is, it can be transferred (bought and sold) and cannot be purchased and redeemed. Therefore, its share is fixed during its duration, and the duration is determined at the time of issuance; After the open-end fund is issued, it can basically be purchased and redeemed at any time, but it cannot be circulated (transferred), so its share is constantly changing.

3、

Different transaction fee rates. Closed-end funds trade through the internet, and the handling fee for a round trip is only 0.1~ 0.3% of the transaction amount; However, the handling fee for a round-trip subscription and redemption of open-end funds is sometimes as high as 2% of the transaction amount, almost 8 times that of closed-end funds.

4、

The difference between complex and simple trading procedures. The purchase and redemption procedures of open-end funds are more troublesome, and it will take about a week to get cash after applying for redemption.

5、

Pricing is different. The pricing of open-end funds is "net assets (net value)+handling fee", with only one price per day, which fluctuates slowly; The price of closed-end funds is determined by the supply and demand of the market, and the price changes all the time and fluctuates violently.