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Can strategic placement funds be bought?
The origin of strategic placement fund actually appeared as early as 20 18. At that time, the strategic placement fund could not be completely called "new fund", but the types of companies targeted were also companies with "unicorn" qualifications, such as Ali and Tencent.

At that time, these "unicorns" had been listed in overseas markets such as the United States, and domestic investors could not invest. Therefore, these companies have issued a kind of depositary receipts called CDR(ChineseDepositoryReceipt). The function of this financial derivative is to let foreign investors participate in a country's securities market reasonably and legally (most of the time it represents stocks, but sometimes it also represents bonds). In this regard, investors in China can also share the "unicorn" bonus through fund companies that invest in this product.