The liquidation line refers to the bottom line of capital settlement.
According to the Measures for the Administration of the Operation of Securities Investment Funds, if the number of fund share holders is less than 200 or the net asset value of the fund is less than 50 million yuan after the fund contract of the open-end fund comes into effect, the fund manager shall report to the China Securities Regulatory Commission in time; If the above situation occurs for 20 consecutive working days, the fund manager shall explain the reasons and submit the solution to the China Securities Regulatory Commission. The fund manager has the right to announce the termination of the fund after obtaining the approval of the China Securities Regulatory Commission.
All fund assets are realized and the proceeds are distributed to the holders. The liquidation time is stipulated in the fund contract when the fund is established. The holders' meeting may modify the fund contract and decide the liquidation time of the fund.
Public offering fund, financial vocabulary, as opposed to "private offering fund". A fund that publicly issues beneficiary certificates to socially unspecified investors. In our country, it takes the form of contract organization. Under the supervision of the competent government departments, there are industry norms such as information disclosure, profit distribution and business restrictions.
Public offering fund refers to a securities investment fund that raises funds from public investors in an open way and mainly invests in securities. Publicly raise funds through the mass media, and promoters gather public funds to set up investment funds for securities investment. Under the strict supervision of the law, these funds have industry norms such as information disclosure, profit distribution and operation restrictions.
The number of new fund subscribers reflects the degree of investors' participation, and the data of new fund raising shows that retail investors are moving away from Public Offering of Fund.
Wind statistics show that as of the end of August, Public Offering of Fund has issued 67 partial-share funds in the past three quarters, and only 1.26 million investors (regardless of duplication, the same below) have participated in the subscription of new funds.
Similarly, in 20 10, Public Offering of Fund issued 100 partial stock funds, and 29 100 investors participated in the subscription. In the bull market in 2009, 57 100 households participated in the subscription of these partial stock funds.