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What is the purpose of fund closure?
The fund may suspend trading for the following reasons:

1, the fund is oversubscribed by investors, which leads to the rapid growth of the fund scale and needs to be suspended.

2. The Fund may pay dividends soon, so the subscription of the Fund is suspended.

3. Funds are shares of companies that hold some shares that have not yet been circulated, and these shares of companies that have not yet been circulated are about to resume trading. In order to protect the interests of holders, these funds decided to suspend subscription.

Extended data:

When the fund exits, it will be sold, and the funds will be obtained after the sale. The fund T+ 1 trades, and the share is confirmed on the second trading day when it is sold that day. After the share is confirmed, the funds will arrive in the account, and the arrival time is generally 1-3 trading days (depending on the product).

Fund trading hours: Monday to Friday, 9: 30am-1:30am, afternoon13: 00pm-15: 00pm, and trading is not allowed on legal holidays.

The characteristic of closed-end funds is that the total investment remains unchanged. Fund investors must buy funds from other investors. Similarly, if they want to sell their funds, they must also sell them to other investors. This kind of fund is listed on the exchange, just like stocks are bought and sold in the market.