As the net value of fund shares is the calculation basis of the purchase and redemption amount of open-end funds, it is directly related to the interests of fund investors, which requires that the calculation of the net value of fund shares must be accurate.

The net value of fund shares must be fair. I. Valuation frequency

That is, how long the time interval is to value the fund assets.

China open-end funds are valued every trading day, and the net value of fund shares is announced the next day.

Closed-end funds disclose the net value of fund shares once a week, but it is also the valuation of each trading day.

Second, matters needing attention

1, trading active securities; Inactive securities

2, the valuation should be cautious, in which the liquidity of securities assets is a very key factor.

3. Price manipulation and overvaluation.

4. The consistency of valuation method and open valuation method means that the fund adopts the same valuation method and abides by the same valuation rules when valuing assets. The disclosure of valuation methods means that the valuation methods adopted by the fund need to be publicly disclosed in the fundraising documents stipulated by law. If the fund changes its valuation method, it also needs to be disclosed in time.