There are restrictions on the subscription of China Merchants Xinyue short-term debt C.65,438+04 short-term debt funds, including China Merchants Xinyue short-term debt, China Europe short-term debt bonds and Caitong Anrui short-term debt bonds, and restrictions on large-scale subscription are announced. Xinyuan Fund was released to protect the interests of individual investors. Since February 2, 2022, the cumulative subscription amount of each fund account should be less than or equal to 1 ten thousand yuan. If the cumulative subscription amount of each fund account exceeds 1 10,000 yuan per day, the fund manager has the right to refuse.

The role of short-term debt limit

Short-and medium-term debt funds suspend large subscription mainly to prevent large institutions from buying arbitrage suddenly. During the Spring Festival holiday or Golden Week holiday, in the last day or two before the market closes, a large number of institutions idle funds to buy money funds.

These funds have taken a fancy to the fact that money funds have a better level of income than bank savings or repurchase. Under the background of high enthusiasm for fund subscription, the sudden and substantial increase of fund scale will bring great difficulties to the investment operation of the fund to a certain extent.