TechFlow reported on December 13 that, according to the Shanghai Securities News, the Hua Bao Overseas Technology Stock Securities Investment Fund (QDII-LOF) has announced a suspension of its subscription and regular fixed-amount investment services. The date for resuming these services will be announced separately.
Earlier reports indicated that users in mainland China received cryptocurrency fund advertisements on the Alipay homepage. After verification, the promoted product was identified as the Hua Bao Overseas Technology C (QDII-FOF-LOF) fund. This fund invests via the QDII program into ETFs managed by ARK Invest, thereby indirectly holding Coinbase stock and Ark's spot Bitcoin ETF. The daily individual purchase limit is set at 1,000 RMB.
