2. Closed-end funds refer to fund sponsors who limit the total number of fund units when they set up funds. After raising the total amount, the fund will be declared closed and will not accept new investments for a certain period of time. The circulation of fund shares is listed on the stock exchange, and investors must bid on the secondary market through securities brokers in the future.
Liquidation/liquidation is a legal procedure. The company stops production and operation, all assets (including machinery, factory buildings, offices and property used to make money) are sold in a short time, converted into cash, and the outstanding debts are repaid (distributed) in turn, and then the company is dissolved according to legal procedures.