Legal analysis: It should be called government support fund. Government funds, also known as government subsidy funds, government support funds, government support projects, government special projects, etc., in a narrow sense, usually refer to the use of fiscal means by the Chinese government to promote joint investment between the government and enterprises, institutions, institutions and other units. Investment in R&D in specific fields accelerates the formation of industrialization and drives the rapid development of related industries, thereby achieving national macroeconomic goals, scientific research goals and even national defense goals.

Legal basis: "Interim Measures for the Management of Industrial Investment Funds" Article 15 The highest authority of a fund company is the general meeting of shareholders (shareholders meeting), and its permanent body is the board of directors of the fund company.

The board of directors of a fund company must consist of more than three executive directors with voting rights, of whom more than half must be administratively independent from the sponsor of the fund manager.