1. The fund gives all the money to the fund company for unified operation. p2p means that the money you invested goes to a specific borrower.

2. The fund is the platform as the fund manager, and the p2p platform is the information intermediary.

3. Public Offering of Fund is supervised by CSRC, and p2p is supervised by CBRC.

Conditions for fund liquidation:

For 60 consecutive years, the number of fund share holders of Japanese funds has not reached 65,438+000.

For 60 consecutive days, the net asset value of the fund approached or fell below 50 million yuan.

The fund manager initiates liquidation and the CSRC approves it.

Liquidation and operation of funds:

Normal liquidation: refers to the realization of all capital assets and the distribution of income to holders. The fund contract at the time of the establishment of the fund stipulates that the holders' meeting may modify the fund contract and decide the liquidation time of the fund.

Abnormal liquidation (running away): the redemption of customers' funds leads to the product scale not meeting the requirements of the trust company, which leads to liquidation. If a trust product consists of only a few large households, and one of them withdraws funds, it may lead to liquidation.

Another situation is that private equity funds are bearish on the market outlook, take the initiative to choose to close their positions and withdraw from the market, and close their positions due to losses.