In securities software: stock exchange fund application for redemption-fund subscription and redemption-what is the difference between subscription and redemption? What's the difference in procedure?

1, the stock is not redeemed.

2, stock purchase, that is, in the public offering of shares, the purchase of shares. Generally speaking, the total number of purchases will exceed the number of issues. At this time, lots will be drawn to decide who can successfully purchase.

3. Fund subscription refers to the application for purchasing fund shares. As long as the fund is open for subscription, it can be subscribed without drawing lots. Because funds are different from stocks, there is a fixed number of stock issuance, while open-end funds have no fixed number. If you buy more, the total share of the fund will increase. In addition, when the fund is initially issued, it is called "subscription"

4. From the background procedure, the subscription order needs to be sent to the exchange for processing, while the subscription fund generally only needs to pass the order to the fund company. From the perspective of ordinary investors, it is only a function in trading software (stock subscription generally has no special function, as long as the order to buy stocks is issued on the subscription date)

Different from online shopping, you must open a special account. Securities companies' accounts can trade funds and stocks, while financial accounts opened by banks can generally only trade funds. You need to go to the bank or securities company to understand the specific procedures.