2. Increase the market risk: canceling the fund valuation on that day increases the market risk. The fund price fluctuates violently, and investors trade without accurate net reference, which will lead to a big deviation between the buying or selling price and the actual net value.
3. Reduce the transparency of the market: canceling the intraday valuation of the fund will reduce the transparency of the market. Investors can't evaluate the valuation level and investment opportunities of the fund through the real-time net value of the fund, which will limit their investment decisions and strategies.