For closed-end funds purchased on Alipay, investors can find manual customer service in the Alipay interface, and then send the "transfer custody" to the customer service, and the customer will automatically send the processing portal, and then fill in the relevant information according to the corresponding steps.
Closed-end fund refers to the fund sponsors' restrictions on the total amount of fund units when setting up funds. After the total amount of fundraising is completed, the fund is announced to be established and closed, and no new investment will be accepted for a certain period of time. The circulation of fund shares is listed on the stock exchange, and investors must bid on the secondary market through securities brokers in the future. Closed-end funds belong to trust funds, which means that the total amount of approved fund shares is fixed within the term of the fund contract. Fund shares can be traded on legally established stock exchanges, but fund share holders may not apply for redemption.
Closed-end fund purchase operation process:
To participate in closed-end funds and stock trading, you must first open an account. Accounts are divided into stock accounts and capital accounts.
Stock accounts are divided into two types: Shanghai Securities Company's stock account and Shenzhen Securities Company's stock account, and one or two types can be decided according to needs. Stock accounts are handled by local securities companies. When handling the stock account opening procedures, you need to prepare your ID card (or household registration book) and a copy, fill in the corresponding forms respectively, and pay a certain account opening fee (ranging from tens of yuan for securities companies around the country) to get a stock account card.
When opening a capital account in the business department of a securities company, you must bring the capital, identity card (or household registration book) and its copy, and the above-mentioned stock account card. The amount of account opening funds and deposits varies according to the requirements of securities companies. After the transaction is completed, the funds in the fund account can enter and exit at any time. The funds in the fund account will bear interest for you according to the deposit interest rate stipulated by the People's Bank of China.
The password set by oneself when opening a capital account must be properly used and managed, and shall not be disclosed to prevent undue losses.
Since ordinary investors can't enter the stock exchange to directly participate in the trading of closed-end funds and stocks, only securities companies can trade closed-end funds and stocks on their behalf in the form of entrustment, so they must inform the securities companies of their intentions, types and conditions for buying and selling closed-end funds and stocks in order to achieve their own goals. After selecting a suitable securities business department, an investor shall sign a securities trading entrustment agreement with the business department. Be sure to read the content terms carefully before and understand the relevant regulations to avoid agency disputes in the future.
The commonly used entrustment methods are divided into counter entrustment, computer (special) self-help entrustment, telephone entrustment and online entrustment.