There are some differences between fund withdrawal and redemption, and their skills are not the same. There are several simple operations in the fund market, such as subscription, redemption and cancellation of orders, which are also the business that most investors are doing every day. So, isn't the fund able to cancel the order the next day? What are the exit criteria?

Can the fund cancel the order the next day without confirmation?

You can cancel the order, but investors need to cancel the order before the next day 15. Need to be reminded that if the fund has confirmed the share, it cannot be revoked and can only be sold. Simply put, if the fund purchases before the trading day 15, it needs to be cancelled before the trading day 15, otherwise the cancellation will not be successful. If the fund purchases after the trading day 15, the cancellation needs to be made before the second trading day 15, otherwise the cancellation will be unsuccessful.

The off-site subscription can be cancelled before 15:00 on the same day, which means that the off-site subscription can be cancelled on the same day. However, whether the on-site subscription can be successfully cancelled depends on the results returned by the exchange. Moreover, most of the open-end funds purchased in the market can be withdrawn before 15:00 on the same day, and most of the redeemed funds in the market can be withdrawn before 15:00 on the same day.

According to the trading regulations of the Fund, if the subscription and redemption are made before 15: 00 on the trading day, the order shall be cancelled before 15: 00 on the same day. Holiday subscription and redemption shall be cancelled before 15: 00 on the first trading day after the holiday. The subscription and redemption after trading day 15: 00 shall be cancelled before the second trading day 15: 00.