Point refers to the market index, generally refers to the Shanghai Composite Index. 3000 points is the composite weighted index of Shanghai Stock Exchange, which reflects the composite index of large-cap stocks. The sample stocks of the Shanghai Composite Index are all listed on the Shanghai Stock Exchange, including A shares and B shares, reflecting the price changes of listed stocks on the Shanghai Stock Exchange. The official release time is July 199 1 to July 15.

1. The net asset value of a fund refers to the balance after deducting liabilities from the total market value of fund assets calculated at the fair value of a certain fund valuation point, which is the equity of fund share holders. The process of calculating fund assets at fair price is the valuation of the fund. Fund valuation is the key to calculate the net value, and its key lies in the net asset value of unit funds, that is, the net asset value represented by each fund unit. The formula for calculating the net asset value of fund units is: net asset value of fund units = (total assets-total liabilities)/total number of fund units.

2. Among them, total assets refer to the total assets of all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price. Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time. Fund valuation is the key to calculate the net asset value of fund units. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time.

Three. The valuation principles of fund assets are as follows:

1. Listed stocks and bonds shall be calculated according to the closing price on the calculation date. If there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day.

2. Unlisted stocks are calculated at cost price.

3. Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date.

4. In case of special circumstances, if it is impossible or inappropriate to determine the asset value in accordance with the above provisions, the fund manager shall handle it in accordance with the relevant provisions.