The fund has not been sold and generally will not lose money. The fund will be liquidated if it loses money to a certain extent. At present, there has not been any fund loss. In short, it is almost impossible for the fund to lose money, but the bad fund may have a big retreat. Fund liquidation refers to the realization of all fund assets and the distribution of income to holders. According to the relevant laws and regulations of China Fund, if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 200 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after being approved by the China Securities Regulatory Commission.