Since the second half of 20021,funds have been redeemed in large amounts frequently, and more than 10 funds have announced large-scale redemptions every month since July, among which bond funds are the main ones. Some fund managers said that the overall yield of bond funds is good, but the performance gap of bond funds is too big. In addition, the default risk of real estate bonds is high, and funds are frequently redeemed in large amounts to avoid risks.

Some insiders said that in the past few years, there have been many cases in which the net value of bond funds has soared or even plummeted after a large net redemption. However, after the regulatory authorities issued the Regulations on Liquidity Risk Management of Public Offering of Open-ended Securities Investment Funds, this situation is difficult to appear in principle.