China Net Finance, June 28 (Reporter Zhang Mingjiang) A few days ago, Baoying ChinaBond 1-3 Year CDB Bond Index released an announcement on the termination of fund contracts and property liquidation. This is the 58th reminder announcement on the termination of fund contracts since June. , Fund liquidation is accelerating, and in the first half of this year, nearly a hundred funds have completed liquidation, and some funds have announced liquidation within a year of establishment. Baoying ChinaBond 1-3 Year CDB Bond Index is one of them.
On June 25, Baoying Fund issued the "Announcement on the Termination of Fund Contracts and Entering Fund Assets Liquidation Procedures for Baoying China Bond 1-3 Years CDB Bond Index Securities Investment Fund". The announcement shows that since June 25, 2022 The Fund will enter into the liquidation process of the fund assets.According to another announcement, the fund’s fund contract will take effect on August 10, 2021, and it will be less than one year from the time when the fund contract takes effect until it enters the liquidation process.
The data shows that in addition to Baoying ChinaBond 1-3 year CDB bond index, there have been 57 other announcements related to the termination of fund contracts since June. It is expected that in July and August, dozens of funds will be completed one after another. liquidation.In addition, more than 270 fund contracts have been terminated since the beginning of the year, and fund liquidation has continued to accelerate in recent years.
Straight flush iFinD data shows that statistics are based on the number of liquidation reports issued.As of June 28, 94 liquidation reports have been released this year (secondary liquidation reports are ignored).According to data, a total of 103 funds were liquidated in the first half of 2021, and a total of 207 funds were liquidated in the whole of last year.The speed of fund liquidation in the first half of this year was basically the same as that of the same period last year, and the fund liquidation has been at a high level in the past two years.
According to public information, most of the reasons for the liquidation of funds that have issued liquidation reports are that the size of the funds is too small.Baoying ChinaBond 1-3 Years CDB Bond Index Project stated: "As of the end of June 24, 2022, the fund's net asset value has been below 50 million yuan for 50 consecutive working days, triggering the termination of the "Fund Contract" According to the stipulations of the Fund Contract, the Fund will enter the liquidation process of the Fund assets, and there is no need to hold a general meeting of holders.”
Data shows that, except for a few funds, most liquidation funds have a scale of less than 50 million yuan on the last day of operation. Among them, the scale of the Minsheng Jiayin and Conley Mixed liquidation in the first half of the year is only 9,400 yuan on the last day of operation.It is worth noting that many funds that were liquidated in the first half of this year have been established for less than a year. Baoying ChinaBond 1-3 Year CDB Bond Index is one of them. In addition, there are Pengyang Jingyi mixed, stable and flexible financing. Several funds, such as Allocation Hybrid and SPDB Ansheng Xinrui Hybrid, which have announced the termination of their fund contracts, have been established for less than a year.
According to the data of the first quarterly report of 2022, at the end of the first quarter, a total of 1,282 fund shares were less than 50 million shares (combined A/C shares), and a total of 2,096 fund shares were less than 100 million shares.In terms of scale, as many as 967 funds have a scale of less than 50 million yuan (combined A/C scale), and these funds are all at risk of liquidation.
(Editor in charge: Li Rong)
