(1) is beneficial to investors' value judgment. In the process of fund share raising, the fund prospectus and other fundraising information disclosure documents explain the crisis income characteristics of fund products and related fundraising arrangements to public investors, so that investors can choose fund products suitable for their crisis preferences and income expectations. In the process of fund operation, by fully disclosing information such as fund investment portfolio, historical performance and crisis situation, 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. At the same time, potential investors can also rationally analyze the value of the fund according to their own crisis preferences and income expectations, and then make investment choices.
(2) Information disclosure is the basis to prevent conflicts of interest and transfer benefits to the capital market, and one of the key contents of supervision is the supervision of information disclosure. Compared with the substantive review system, the basic inference of compulsory information disclosure is that investors are "cautious" on the basis of public information. It can change the information weak position of investors, increase the transparency of the capital market, prevent the conflict and transmission of interests, increase the public's supervision over the operation of funds, and limit and prevent improper fund management and fraud.
(3) It is beneficial to improve the efficiency of the securities market. Due to the information asymmetry in the securities market in reality, investors can't effectively screen funds, and they can't effectively overcome the moral crisis of fund managers. Efficient funds cannot attract enough funds for investment and form a reasonable fund distribution mechanism. Through compulsory information disclosure, the hidden information can be made public in time and fully, thus eliminating the inefficient and disorderly situation caused by adverse selection and moral crisis and improving the effectiveness of the securities market.
(4) Effectively prevent information abuse If laws and regulations do not regulate the disclosure of fund information and allow insufficient, untimely and untrue information to spread, then the market will be full of speculation, and investors may make wrong investment decisions under the influence of this market noise, and even bring fatal blows to the fund operation, which is not conducive to the long-term progress of the whole industry.