Valuation procedure:
(1) Calculate the net value of fund shares after the market closes.
(2) The daily valuation of the fund is carried out by the fund manager. After evaluating the fund assets every trading day, the fund manager will send the net value of fund shares to the fund custodian.
(3) The fund custodian rechecks the calculation result of the fund manager according to the valuation method, time and procedure agreed in the fund contract, and returns it to the fund manager after rechecking, which will be announced by the fund manager, and the fund registration institution will calculate the purchase and redemption amount according to the confirmed net value of the fund share.
Private placement, that is, private investment funds, refers to investment funds that are raised from qualified investors in the form of non-public offering and invested in investment targets such as stocks, equity, bonds, futures, options, fund shares, etc. ) stipulated in the investment contract, referred to as private equity fund.