Open-end fund is a kind of fund whose issuance amount is variable and the total amount of fund shares is not fixed, and the fund shares can be purchased or redeemed at the time and place agreed in the fund contract. Open-end funds have the characteristics of unlimited issuance, transaction price based on net asset value, over-the-counter transaction and relatively low risk, which is especially suitable for small and medium-sized investors to invest.

If investors want to sell the fund shares purchased at designated outlets, they must go through certain transfer custody procedures. Similarly, if you want to redeem the fund shares bought online at the designated point of the exchange, you must also go through certain transfer custody procedures.