The "Four Modernizations" Fund is a policy guidance fund in Guizhou Province.

Relevant departments of the provincial government invested 20 billion yuan and entrusted Guizhou Financial Holding Group as the investor representative to guide financial and social capital to invest in new industrialization in Guizhou Province in accordance with the principle of "government guidance and market operation" , new urbanization, agricultural and rural modernization, cultural tourism and other industries, attracting more financial vitality to the province’s “four modernizations” construction.

Fund can be divided into broad and narrow senses. In the broad sense, it refers to a certain amount of funds established for a certain purpose, such as trust investment funds, provident funds, retirement funds, etc., and in the narrow sense, it refers to funds with specific The purpose and use of funds, usually referred to as funds, mainly refers to securities investment funds.

The income of securities investment funds comes from the future, and the income performance is inseparable from the performance of the underlying market, which carries certain risks.

Classification

According to different standards, securities investment funds can be divided into different categories:

(1) According to whether fund units can be added or redeemed, Can be divided into open-end funds and closed-end funds. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

(2) According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. China's securities investment funds are all contractual funds.

(3) According to different investment risks and returns, they can be divided into growth, income and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds, futures funds, etc.

Trust Fund

Trust fund, also called investment fund, is a collective investment method with "maximum benefit sharing and maximum risk sharing": it refers to the investment through a contract or company. In the form of issuing fund certificates (such as income certificates, fund units and fund shares, etc.), the majority of uncertain investors in the society gather unequal funds to form a certain scale of trust assets, which are handed over to specialized investment institutions. A collective investment trust system that conducts diversified investments according to the principle of asset portfolio, and the income obtained is shared by investors in proportion to their capital contribution, and they bear corresponding risks.