The quotation unit of closed-end funds is the price of each fund. The minimum change unit of the declared price of the Fund is 0.o0 1 RMB. The quotation unit of closed-end funds is the price of each fund. The minimum change unit of the declared price of the Fund is 0.o0 1 RMB.

Discount rate = (secondary market price-net fund share)/net fund share × 100%= (secondary market price/net fund share-1)× 100%.

When the secondary market price of the fund is higher than the net value of the fund share, it is a premium transaction, corresponding to the premium rate; When the secondary market price is lower than the net value of fund shares, it is a discount transaction, corresponding to the discount rate. When the discount rate is high, it is often considered as a good time to buy closed-end funds. But this is not the case. Sometimes the discount rate will continue to climb, and it is more likely that the price and share net value will decline simultaneously when the market is weak.