This fund does not buy stocks from the stock market or subscribe for new shares from the primary market, but this does not mean that it does not participate in stock investment. It said it wouldn't buy stocks, but it didn't say it wouldn't sell gub?

Its shares come from convertible bonds and can be converted into shares under certain conditions, so it can be sold within three months.

So this fund does not belong to the secondary debt base. As for the primary debt base, some concepts are actually vague. The primary debt base only said that it would not buy stocks in the stock market, and the others were not clear. So it can be said that this fund is a primary debt base.