Monetary funds and short- and medium-term bond funds have suspended large-amount subscriptions mainly to prevent large institutions from making unannounced subscription arbitrage.

During the Spring Festival holiday or the Golden Week holiday, a large number of institutional idle funds rush to purchase currency funds in the last one or two days before the market closes.

These funds have taken a fancy to the fact that money funds have better returns than bank savings or repurchases.

Against the background of active fund subscriptions, a sudden and substantial increase in fund size will bring greater difficulties to the fund's investment operations to a certain extent.

The fund manager takes into account the interests of fund holders, weighs risk control and the sustainability of fund performance, and dynamically limits the subscription volume of the funds under management based on the increase in the total shares of the fund, that is, in different time periods, when the fund

Subscriptions will be suspended after the total shares reach a certain scale, which will be more conducive to protecting the interests of the majority of holders, more conducive to the investment operation of the fund, and improving the performance of the fund.