(1) Force majeure such as natural disasters or wars;
(2) The stock exchange is abnormally closed during trading hours;
(3) The scale of fund assets is too large, which makes it impossible for fund management companies to find suitable investment varieties;
(4) It may harm the interests of existing fund holders;
(5) The technical support or personnel support of fund managers, fund custodians, fund sales agents and registrants is insufficient. Moreover, if necessary, the fund management company suspends the customer's subscription requirements and must return the corresponding subscription money to the customer in full.
For the same reason, the CSRC also stipulates that fund management companies shall not refuse to accept or suspend the application of fund investors to sell back funds to fund management companies unless the following circumstances occur:
(1) force majeure;
(2) The stock exchange is abnormally closed during trading hours:
(3) Due to market fluctuation or other reasons, investors sell huge amounts of funds back to fund management companies (we call this situation "huge redemption"), which makes it difficult to pay the funds in cash.
Moreover, when one of the above circumstances occurs, the fund management company must immediately file with the China Securities Regulatory Commission on the same day. The fund management company shall pay the accepted application for fund realization in full; If it is temporarily unable to pay, the fund management company will distribute it to the applicant according to the proportion of accepted applications to the total accepted applications, but the rest must still be paid on the following working day. At the same time, in the case of continuous huge redemption, the accepted application can be postponed, but the longest payment time can not exceed 20 working days, and it must be announced in the designated media.
From the above explanation, it should be seen that fund management companies are different from ordinary sellers and are not allowed to suspend fund trading at will. It is extremely rare to suspend fund trading, such as natural disasters and so on. In these rare extreme cases, it is not safe to invest money elsewhere. In addition, when fund trading has to be suspended, the fund management company will keep investors informed of the latest situation at any time by way of announcement. Therefore, like all other investors, you can react at the first time, without worrying that some "special elements" know some inside information and harm your interests. Moreover, there is a clear time limit for fund management companies to suspend fund transactions, and it is impossible to suspend them indefinitely or at will. Therefore, there is absolutely no need to worry because the fund may be suspended. The right to buy and sell funds is well protected by laws and regulations.