Subscription refers to the purchase of a newly issued fund, and the share can only be received after the fund is established. The pure debt of CCB is still in the collection stage, and the fund can't reach the minimum amount and the minimum number of households. In that case, the establishment of the fund failed and the account was refunded. Of course, the actual possibility of this situation is basically zero. Therefore, if the fund is not established, it will naturally not be received, and fundraising will not be received immediately. Generally, there will be 2-3 days of capital verification in the middle.
Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses.