请高手帮忙翻译两段话!急!!

Open-end fund is also known as mutual funds,which is together with closed-end fund constitute the Fund's basic mode of operation. Closed-end funds have a fixed duration, during which the fund size is fixed, usually traded in the securities market place, investors through secondary market trading of fund units. And open-end fund is the fund whose size is not fixed, the investors may at any time by the Fund's current net value of the fund to the fund management companies to buy fund units (subscription), or at any time by the current NAV of fund units returned to the fund management companies (Redemption ). 。 Because of this, an open-end funds is much smaller than the risk of closed-end funds.

Zhu said that the 10 +3 cooperation should continue to adhere to mutual benefit and gradual and pragmatic principles of full respect for the diversity of this region, to cater for all levels of development, differences in social system. 10 +3 cooperation should continue to maintain open, and the Asia-Pacific Economic Cooperation, ASEM and other mechanisms complement each other and promote each other.。He stressed that, as a member of Asia and the region's largest developing country, China has always actively participate in and support regional cooperation. The Chinese side will continue to support ASEAN to play a central role in East Asian cooperation process , willing to work with Japan, South Korea and ASEAN to work with their respective advantages and promote the health of East Asian cooperation, stability and sustainable development.