Shanghai and Shenzhen closed-end funds can only be traded in securities companies through the exchange platform like buying and selling stocks. Investors only need to have a securities account to buy closed-end funds.

When trading closed-end funds in Shanghai and Shenzhen stock markets, investors will clearly tell brokers their trading intentions, types and conditions, and then entrust brokers to enter the market for trading.

To some extent, closed-end funds avoid the possible huge redemption risk and give fund managers a better space to play.