Yes, liquidation here means fund liquidation, that is, fund delisting. etf fund liquidation has certain requirements. When the net value of etf fund is less than 5 million for 2 consecutive working days, it will be liquidated. Liquidation will be carried out when the number of fund holders is less than 2 for 2 consecutive working days.

after the fund is liquidated, the remaining assets of the fund will be distributed to investors according to the share held by investors. Fund liquidation is mainly caused by poor fund performance, and there are also force majeure factors that cause fund liquidation.