listed open-end funds not only have the characteristics of long-term investment of general open-end funds, but also have the advantages of diversified trading methods, high settlement efficiency and arbitrage opportunities. Specifically, its main characteristics are:

(1) listed open-end funds are still open-end funds in nature, and the total amount of fund shares is not fixed, and fund shares can be purchased and redeemed at the time and place agreed in the fund contract.

(2) The sale of listed open-end funds combines the sales advantages of banks and other consignment agencies and the trading network of Shenzhen Stock Exchange. Banks and other agency outlets still use the current counter sales method, while the trading system of Shenzhen Stock Exchange adopts the popular online pricing and issuance method of new shares.

(3) After the listed open-end fund is approved to be listed and traded on the Shenzhen Stock Exchange, investors can choose to purchase and redeem the fund shares at the net value of the fund shares closed on the same day in banks and other consignment agencies, or they can choose to buy and sell the fund shares at the price of matching transactions in the securities business departments of the members of the Shenzhen Stock Exchange.