However, because of the special operation environment, China closed-end fund discount has its own characteristics different from that of foreign countries, which deserve further research.

而我国的封闭式基金因为运行环境的特殊性，存在着许多有别于国外封闭式基金的特点，值得深入的研究。

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One retail route to the A-share market, he said, is the Morgan Stanley China a share Fund, a closed-end offering that started in 2007.

他说，一种进入A股市场的零售渠道是摩根·士丹利中国A股基金(Morgan Stanley China a Share Fund)，这是从2007年开始推出的一种封闭型基金。

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This paper attempts to investigate the potential cause of closed-end fund discounts in China.

本文试图研究中国封闭式基金折价的潜在原因。

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