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How does ICBC's "Litianli" account wealth management business invest in funds?
You can open or designate a fund trading card, a Litianli account and an agreement transfer account, and complete the transfer between accounts and fund investment through the balance of initiating subscription, the balance of initiating redemption and the minimum reserved balance. When the balance in the "Agreement Transfer" account is greater than the "Minimum Retention Balance", the agreement will automatically transfer all the amounts greater than the "Minimum Retention Balance" to the "Litianli" account. When the balance of the "Litianli" account is greater than the "initiated subscription amount", judge whether it is your first subscription. At the time of initial subscription, the subscription of the target fund can only be initiated when the funds calculated by the agreement exceed the "subscription amount initiated" greater than 500 yuan. The minimum subscription amount is 500 yuan, with an increase of 100 yuan; When not subscribing for the first time, the target fund can only be subscribed when the funds calculated in the agreement are more than 100 yuan, and the subscription amount is an integral multiple of 100. When the balance of "Litianli" account is less than RMB 65,438+000, this agreement will automatically initiate the redemption of the target fund on T+65,438+0, and the redemption share (calculated by the net fund unit value of RMB 65,438+0.00) will be replenished to the "initiated subscription balance", and the redeemed fund share will not be less than RMB 65,000.