Guotai Yuanxin is a fund subsidiary. The products he issued are under the regulations of the CSRC on the operation of fund subsidiaries, at least there is no illegal problem. However, it's hard to say whether there is legal protection, because this product is a private offering and is not subject to the requirements of the CSRC for public offering. If something goes wrong, the lawsuit will be handled in accordance with the contract and civil law.
As for your rigid redemption, it is an unspoken rule of the industry and cannot be said on the table. At the same time, the central bank report also stated that it is necessary to break the rigid redemption of wealth management products in an orderly manner. So we still have to see it clearly.