Earlier on March 18, a rumor about the Qiaoshui Fund's bursting out of stock was widely circulating in various WeChat groups, but in the evening, Weibo certified as Redalio's personal official Weibo account posted a response:

I promise: everything is fine in Qiaosui

There are rumors in China today that Qiaoshui has “collapsed” and “is in trouble.” I can assure you that this is completely wrong; everything is fine in Qiaosui. Qiaoshui's financial situation is very stable. There have been no investment losses that are not in line with our expectations in the current situation, nor losses that are inconsistent with the normal way we have invested over the past 45 years. I am attaching a letter I sent to my client yesterday to explain the facts. I hope you read it to understand what the facts are at the moment.

You need to know that unscrupulous people will try to spread rumors to cause harm and panic. They have made dangerous situations, such as the COVID-19 pandemic, even more fatal. They should be found out and severely punished. I think maybe we've found the person who spread the rumor; if possible, we'll take legal action and announce it to the public.

Screenshot of the letter: