In early 1997, China Rural Credit Union Investment Fund was shut down by the People's Bank of China in accordance with the law due to excessive borrowing and chaotic management. In early 2001, China Construction Bank finalized the cleanup and standardization plan of the original China Rural Credit Union Investment Fund, and soon received approval from the China Securities Regulatory Commission.
, China Construction Bank immediately issued a notice to formally clean up and standardize the former China Rural Credit Union Investment Fund.
The original China Rural Credit Union Investment Fund was renamed "Jufeng Securities Investment Fund" and transformed from an open-end to a closed-end securities investment fund. It will last until December 31, 2007. According to people familiar with the matter, even if Jufeng Fund is no longer
After listing, related issues will also be properly resolved, and I believe there will be no remaining issues.
More sources revealed that China Construction Bank has now begun investing in repurchasing the original fund units, which have been repurchased from the original 650 million units to less than 100 million units.