The Shanghai stock market climbed to 3000 points again, and the daily turnover also exceeded 250 billion. However, in the face of the long-term structural bubble risk in China stock market, many small and medium-sized investors' demand for hedging has gradually increased, and they are unwilling to chase up and down, and instead invest in products with less risk. Recently, the very popular partial debt fund, with its characteristics of "advance and retreat, both offensive and defensive" and flexible charging methods, has become an ideal choice for stable investors and safe-haven funds.