Will sell. If China shares are delisted, the fund manager will sell them and buy other China shares. Generally speaking, fund managers will sell before delisting.

Extended data:

Closed-end fund refers to a securities investment fund that has determined the total amount of issuance and the issuance period at the time of establishment, and fixed the total amount of issuance within the prescribed period after issuance. Investors of closed-end funds can't redeem their fund shares from the issuer during the fund's existence, and the realization of fund shares must be listed and traded on the stock exchange. 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.

Closed-end fund is relative to open-end fund, which refers to the investment fund whose fund size has been determined before issuance and remains unchanged within the specified period after issuance.

Open-end funds are not listed and traded, and are generally purchased and redeemed by banks. The scale of the fund is not fixed, and the fund unit can sell it to investors at any time or buy it back at the request of investors. Closed-end funds are not allowed to accept new shares and IPOs for a period of time before the new round of opening. When opening up, you can decide how much to bid or reinvest, and newcomers can also buy shares at this time. Generally, the opening time is 1 week and the closing time is 1 year.

The main difference between open-end funds and closed-end funds is that the latter has a long closed period and a fixed number of issues. The holder can't redeem it during the closed period and can only buy and sell it in the secondary market. Open-end funds can be redeemed, and listed open-end funds can also be bought and sold. Therefore, open-end funds have to "always be ready" for the possible redemption of their holders, and their investment style is relatively stable; Closed-end funds do not have to worry about redemption during their existence. Everything has its good side and bad side. It is precisely because closed-end funds don't have to worry about redemption, similar to the holder lending money to the fund company for stock trading, and agreeing to pay back the money after 5 years, 10 or 20 years. I'm not sure if I'm interested