Are there any cases of fund companies closing down? The one with serious losses?
At present, there has never been a fund company closing down, but even if the fund company closes down, it is only the company's own problem and has nothing to do with our investment. Every fund has a custodian bank, and our money is kept in the bank account. So the money we buy the fund is not the money of the fund company. When we bought the fund, our investment had been transferred to the trust account of the fund in the bank. This account fund company only has the right to operate and cannot withdraw money from it. This account is specially monitored by banks and the CSRC. Even if the fund company needs money urgently, it will not be unable to withdraw money from this account. But if the fund company goes bankrupt, it is poor management, which means that the fund performance of this company is not good, and the money we invested is estimated to have shrunk a lot.