Fund subscription refund means that the fund subscription is unsuccessful. Usually, subscription is unsuccessful for the following reasons:

1, which was not purchased by investors during the opening period;

2. Did not reach the starting point of product purchase;

3. Invest and subscribe after the fund raising amount meets the requirements;

4. If the conditions for successful fundraising are not met (the number of people and funds cannot meet the requirements for the establishment of fundraising), the existing raised funds will be returned to the investors in the original way.