1. The fund is prepared to pay dividends. If it buys in large quantities during the dividend period, it will dilute the income of the share holders, so buying is restricted. For example, the small and medium-sized fund of E Fund started on February 25th, 20021year, and the subscription was suspended because the fund had to pay dividends, and it was not opened until mid-April.

2. As the saying goes, it is not a good thing for a small boat to turn around and a large fund. Buying is restricted because fund managers want to control the scale. When the fund scale is too large, the fund manager did not find a suitable stock investment. In addition, when the stock market falls, the scale increases and investment is needed, which increases the difficulty of management.

3. The overheating of the fund leads to a large number of purchases, but when the fund falls, it will be redeemed in large quantities, which forces the fund manager to sell the stocks he holds. When fund managers sell stocks, the stock price will fall, which will lead to a decline in the net value of funds, forming a vicious circle.

Reply time: 2022-0 1- 13. Please refer to the latest business changes announced by Ping An Bank in official website.