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Why is the redemption of16116 delayed?
This fund mentioned in its prospectus: after the investor's successful redemption application on T day, the fund manager will transfer the redemption money into the account of the fund share holder through the registration and settlement institution and its related fund sales institution within T+ 10 (including that day), and the payment time of the redemption money will be adjusted accordingly when the relevant regulations of the State Administration of Foreign Exchange occasionally change or the transaction settlement rules of the major markets for overseas investment of the fund change; When the fund's investment in major overseas markets is closed or suspended, it will be postponed. In case of huge redemption, the payment method shall be handled with reference to the relevant provisions of the Fund Contract.

That is, from July 25th, it will take 10 working days to receive the account.