On the afternoon of May 7, Invesco Great Wall Fund released an announcement stating that trading of its Global Chip LOF (501225) would be suspended from the afternoon session until the market closed. The fund had already experienced a one-hour trading halt in the morning, resulting in a mere one hour of trading for the entire day. The announcement highlighted that the fund's recent trading price on the secondary market had surged well above its net asset value per share, indicating a significant premium. By midday on May 7, the fund's trading price on the secondary market had reached 3.975 yuan, whereas the net asset value per share as of April 30 stood at only 2.7451 yuan. Invesco Great Wall Fund cautioned investors that blindly investing could result in substantial losses. Recently, the chip sector has shown strength, with several related products commanding high premiums. In addition to the Global Chip LOF, the Huatai-PineBridge China-Korea Semiconductor ETF has also performed robustly. As of 13:30, it had surged by over 7% after hitting the daily limit yesterday upon resumption of trading, with a premium rate exceeding 10%. Industry insiders noted that the temporary suspension of products with high premiums is intended to signal risks. They explained that the premiums in the secondary market are primarily driven by trading dynamics, while the actual net asset values of the funds have not risen concurrently. Therefore, purchasing these funds at such high premiums carries significant risks.