国投白银LOF盘后突调估值暴跌31%，投资者：深夜才发，不给操作机会

Core Viewpoint - The recent valuation adjustment of the Guotai Junan Silver LOF fund led to a historic drop of 31.5% in a single day, raising concerns among investors about the timing and transparency of the announcement [3][5][6]. Group 1: Fund Valuation Adjustment - Guotai Junan Fund announced a valuation adjustment for its Silver LOF due to significant fluctuations in international silver prices, which deviated greatly from domestic futures prices [3][5]. - The fund's management stated that the adjustment was made to ensure that the net asset value accurately reflects the underlying asset conditions, prioritizing investor interests [5][6]. Group 2: Market Reaction and Investor Sentiment - Investors reacted strongly to the late-night announcement, expressing frustration over the lack of opportunity to mitigate losses before the market closed [6][8]. - Complaints emerged regarding the perceived unfairness of the timing of the announcement, which was made after trading hours, thus limiting investors' ability to respond [8][9]. Group 3: Regulatory Considerations - The China Securities Regulatory Commission (CSRC) guidelines require fund managers to fulfill disclosure obligations related to valuation changes, emphasizing the protection of investors' interests [6][8]. - The timing of the announcement raised questions about whether it adhered to the principle of maximizing investor protection, as it was released after the market closed [8][9].