No. The fund trading time is the same as the stock trading time, which is 9:30- 15, but the fund subscription before 15 is calculated according to the net value of the day, and the subscription before 9:30 is also calculated according to the day. The net value of the fund is calculated before 3: 00 pm on the normal trading day of the stock market and after 3: 00 pm on the next trading day.

Net fund value: the net fund unit value is the net asset value of each fund unit, which is equal to the balance of total fund assets minus total liabilities divided by the total number of unit shares issued by the fund. The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).