According to the relevant laws and regulations of China's funds, if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 65,438+000 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after approval by the China Securities Regulatory Commission. In case of the above situation for 20 consecutive working days after the contract comes into effect, the fund manager shall explain the reasons and submit a solution to the China Securities Regulatory Commission.
From this perspective, 50 million is really the life and death line of the fund. According to the regulations, the scale of the fund should be disclosed in the quarterly, semi-annual and annual reports of the fund. Recently, the fund's 2007 annual report is about to enter a period of intensive disclosure. Mr. Cao Can used the annual report disclosed by the fund to inquire about the scale. If the net asset value of the fund is less than 50 million yuan for 60 consecutive days or the number of holders is less than 100, the fund can enter the liquidation procedure.
A fund has to go through many complicated procedures from approval, raising, establishment to operation, so the fund company will not easily let the fund liquidate and delist. For example, it is a very practical way to buy its own funds and keep them above the warning line.
Last year, the products of bond funds and some small fund companies have shrunk dramatically, but most of these funds have expanded their scale through continuous marketing and large-scale dividends. Moreover, since the beginning of this year, the product performance of some small fund companies has been outstanding, and it is believed that the scale has increased. It is still too early to talk about liquidation. So you don't need to worry too much about the liquidation of the fund.