Alipay funds can only be sold when they are open for sale. If the new fund is closed, investors can only sell it after the closed period. If the fund is closed, the fund is listed on the stock exchange, and investors can handle the re-custody business and sell it on the stock exchange. There are also cases where closed-end funds are not traded on the stock exchange, and investors can only wait until the closed-end funds are closed.

If the fund is suspended, investors can only wait until the fund is open for sale, but many funds can be sold even if they are suspended.