Fund share refers to the certificate issued by the fund sponsors to investors, indicating that the holder enjoys the right to distribute income, the right to obtain the remaining property after liquidation and other related rights according to his share, and assumes corresponding obligations.

1. The fund manager submits the listing application, listing announcement, fund raising application approval document, fund share offering document, fund contract, fund custody agreement, capital verification report, qualification certificates of fund manager and fund custodian, fund property custody certificate, etc. to the stock exchange. And apply to the stock exchange for listing and trading of fund shares.

2. The stock exchange shall review the documents submitted by the fund manager, issue audit opinions on those that meet the requirements for listing and trading, draw up the time for listing and trading, and attach relevant documents, which shall be submitted to the the State Council Securities Regulatory Authority for approval.

3. The securities regulatory authority in the State Council shall examine the documents submitted by the stock exchange in accordance with regulations, make a decision of approval or disapproval, notify the stock exchange and the fund manager, and explain the reasons for disapproval.