If you buy a fund from China Merchants Bank, there will be a "huge redemption sign" when you redeem it, which can be divided into "extension" and "cancellation".

"Deferred": in case of huge redemption, the part that cannot be redeemed will be redeemed automatically on the next trading day by default, and the redemption amount will be calculated based on the net value of the fund unit on the actual redemption date, and so on until it is fully redeemed;

"Termination": In the event of huge redemption, the portion that cannot be redeemed will continue to hold the remaining shares, and if redemption is required in the future, it will be operated by itself.