Fund information disclosure refers to the information disclosure made to the public by the relevant parties in the fund market in a series of links such as fund raising, listing and trading, investment operation, etc. Enhance market participants' understanding and confidence in the market, and the fund market, as an integral part of the securities market, is no exception. The function of fund information disclosure is mainly manifested in the following aspects: (1) It is beneficial to investors' value judgment. In the process of fund share raising, fund prospectus and other fundraising information disclosure documents explain the risk-return characteristics of fund products and related fundraising arrangements to public investors, so that investors can choose fund products suitable for their risk preferences and income expectations. By fully disclosing information such as fund investment portfolio, historical performance and risk status, existing fund share holders can evaluate the management level of fund managers, understand whether the fund investment meets the commitments in the fund contract, and thus judge whether the fund products are worth holding. Potential investors can also rationally analyze the value of the fund according to their risk preferences and income expectations. (2) Information disclosure is the foundation of the capital market, which is conducive to preventing conflicts of interest and transmission of interests. The basic inference of compulsory information disclosure is that investors can change their information weak position on the basis of public information. Strengthen public supervision over the operation of funds, and limit and prevent the occurrence of improper fund management and fraud.
The principle of openness can be divided into substantive principle and formal principle. The so-called substantive principles include authenticity, accuracy, integrity, timeliness and fair disclosure. The principle of form includes normative principle, easy to understand principle and easy to obtain principle. I. Substantive principle: 1. Authenticity principle: Authenticity principle is the most fundamental and important principle of fund information disclosure. The information required to be disclosed should be based on objective facts and reflect the real state, and it is not allowed to distort or whitewash. 2. Principle of accuracy: The principle of accuracy requires the disclosure of information in precise language; 3. Integrity principle: All information should be made public. 4. The principle of timeliness: disclose the interim report within 2 days from the date of major events. 5. Principle of fair disclosure: The principle of fair disclosure requires that information be disclosed to all investors in the market equally and openly, not just to individual institutions or investors. 1. Normative principle: Normative principle requires that fund information must be disclosed in accordance with legal content and format to ensure comparability of the disclosed information. The principle of accessibility requires that the expression of information disclosure should be concise and easy to understand, and the principle of accessibility requires that publicly disclosed information be easily obtained by general public investors. In addition to the newspapers and websites designated by laws and regulations, the information disclosure obligor may also disclose information in other public media, but it should be noted that other media shall not disclose information earlier than the designated newspapers and websites, and the same information disclosed by different media shall be consistent. Requirements for fund information disclosure: This is a requirement for the scope of fund information disclosure. Full disclosure requires information disclosure.