Both belong to qdii. Even if it is purchased in RMB in China, the fund manager will first convert the investor's funds into US dollars within the quota approved by the SAFE, and then invest in the Nasdaq market through certain channels.

Similarly, when you make a redemption, the fund manager will first sell the share corresponding to the redemption share in the Nasdaq market, and then convert the US dollars into RMB and transfer it back to the investor's account.

Because the investment process is different from that of ordinary A-share funds, the subscription and redemption of qdii is slower than that of ordinary funds.

There is also a qdii, which investors can buy directly in foreign exchange, naturally avoiding exchange rate risks.