On-site funds are subject to the 10% limit, which cannot be exceeded.
Over-the-counter funds cannot be heavily leveraged, and the maximum shareholding will not exceed 95%, and there will always be 5% in cash.
Even if 95% of the shares have a daily limit, it is impossible to exceed 10%.
Other types of funds, such as gold funds or QDII, may exceed 10% because they invest in foreign markets or markets without price restrictions.