Fund liquidation refers to realizing all fund assets and distributing all cash to all holders. Fund liquidation is divided into compulsory liquidation and active liquidation. The liquidation time is generally determined when the fund is established, but it can be changed by the holders' meeting. Generally, if the product assets of the fund are less than 50 million for 60 consecutive days, the holders are less than 100, or the net value is less than that of 0.3 yuan, the fund will be liquidated.