legal ground
Paragraph 2 of Article 45 of People's Republic of China (PRC) Securities Investment Fund Law.
Closed-end fund (hereinafter referred to as closed-end fund) refers to a fund whose total fund share is fixed within the term of the fund contract, and the fund share holder may not apply for redemption; An open-ended fund (hereinafter referred to as an open-ended fund) refers to a fund whose total share is not fixed and can be purchased or redeemed at the time and place agreed in the fund contract.
Article 46, paragraph 1 (3)
Fund share holders enjoy the following rights:
(3) Transferring or applying for redemption of its fund shares according to law;
I don¡¯t know anything (but I just want to make some money to support my family)