I thnk LIM wants to wind up the fund because if they dump their...

I thnk LIM wants to wind up the fund because if they dump their holding in the market, they figure they will get a lot less than if the fund was wound up. As a small holder, I'd rather let the fund run to reap the big benefits in the longer term.

Most funds trade under their NTA value to discount the market fluctuation risks. China's economy is not the hottest now so the risk is higher.

Don't forget China is still a communist country and their financial markets are very much in the infant stage. A lot of speculators, both local and international, play the market to rob the greedy and inexperienced locals. However, the country is rich (second biggest economy in the world) and it is growing. Given time when the financial markets mature, the story will be very much different. I see a lot of similarity between China now and Japan in the 1960s. People may call you crazy if you bought Sony or Toyota in the 1960s but if you did, you won't be sitting here now.