Similar to stocks, funds involve the rights and interests of many investors and cannot be withdrawn at will. The funds that investors buy in Alipay are basically the products of major fund companies. Alipay only exists as an online platform for communication and consignment. Without special circumstances, the funds will not be removed.
Alipay is a third-party platform for fund companies to sell funds on a commission basis. The funds in the platform are basically public offerings issued by fund companies, with a high safety factor. Moreover, there are many people in Alipay, and many investors are used to buying and selling funds in Alipay. Basically, there has never been a situation in which funds are removed from the shelves. And even if the fund is taken off the shelf, as long as the fund company is not liquidated and there is no major problem with the fund itself, the fund will still exist, and investors can see the information of the fund from other channels.
Reasons for removing the fund:
1, the fund shares are all sold out. All funds have a collection period and a certain fund share. If all the fund shares are sold, the fund will stop opening positions, and investors will find that the fund has been removed when they search again. This kind of situation is relatively rare in open-end funds, because fund managers will control the fund size by restricting purchases. Open-end funds are generally large in scale, and it is rare that all fund shares are sold short.
2. capital settlement. Open-end funds whose net value is less than 50 million for 20 consecutive working days, or whose number of fund holders is less than 200 for 20 consecutive working days, will be liquidated. If the closed-end fund does not extend its duration after its expiration, it will be liquidated. The new fund has a minimum size at the time of initial public offering, which is generally 50 million yuan. If the scale is not reached at the end of the raising time, it means that the fund has failed to issue and will be liquidated. After the fund is liquidated, it will be removed from the shelf. Fund liquidation can only be implemented with the approval of the China Securities Regulatory Commission. Even if the fund is liquidated due to losses, the fund will distribute the assets to the fund holders and then take them off the shelf.
3. The agency stops the sales commission. This situation is generally that after the fund is put on the shelves for a period of time, the consignment contract between the fund company and the consignment agency is completed. When negotiating the details of the new consignment contract, the two parties cannot reach an agreement and finally decide to terminate the cooperation, and the fund will be eliminated from the consignment agency.
4. Bankruptcy and liquidation of fund companies. Funds are products of fund companies. If the fund company is executed bankruptcy liquidation, its products will naturally disappear and the fund will be removed from the shelves by omni-channel liquidation.