China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) and the People's Bank of China shall, according to their respective functions and powers, supervise the business activities of investment managers and custodians of social security funds. Chapter II Council Article 6 The Council is responsible for managing the social security fund and performing the following duties:
(a) to formulate the investment and operation strategy of social security funds and organize their implementation.
(2) Select and entrust the social security fund investment manager and custodian to invest, operate and trust the assets of the social security fund; Check the operation and custody of the investment.
(three) responsible for the financial management and accounting of social security funds, regularly prepare financial and accounting statements and draft financial and accounting reports.
(four) regularly publish the financial status of social security fund assets, income, cash flow, etc. to the public. Article 7 The Council shall strictly implement these Measures. Punish violations of the laws and regulations of the Council in accordance with relevant state laws and regulations. Chapter III Social Security Fund Investment Manager Article 8 The term "social security fund investment manager" as mentioned in these Measures refers to a professional investment management institution that has obtained the qualification of social security fund investment management business in accordance with the provisions of Article 10 of these Measures and is entrusted with the operation and management of social security funds in accordance with the contract. Article 9 An application for investment management of social security funds shall meet the following conditions:
(a) registered in China, approved by the China Securities Regulatory Commission with the qualification of fund management business and other professional investment management institutions stipulated by the State Council.
(2) The paid-in capital of the fund management company shall be no less than 50 million yuan, and its net assets shall be maintained at any time. The minimum capital scale required by other professional investment management institutions shall be stipulated separately.
(3) Having more than 2 years experience in securities investment management in China, being prudent in management and having a good reputation. The operating hours of institutions with standardized international operation experience may not be limited by this paragraph.
(4) It has no major violations in the last three years.
(5) Having a sound corporate governance structure.
(6) Having professional investors suitable for the investment management business of social security funds.
(7) Having a sound and effective internal risk control system, an independent supervision and auditing department and a sufficient number of competent professionals. Article 10 The investment manager of social security funds shall be determined by the board of directors. To apply for investment management of social security funds, it is necessary to submit an application to the Council and an opinion issued by the China Securities Regulatory Commission on whether the applicant meets the basic conditions stipulated in Article 9 of these Measures. The board of directors shall set up an expert review committee composed of a sufficient number of independent persons to review qualified applicants for social security fund investment management business with reference to the principle of public bidding. The review committee put forward a list of suggestions for social security fund investment managers by voting, and submitted it to the Council for confirmation. The evaluation method shall be formulated by the Council. Evaluation methods and evaluation results should be reported to the Ministry of Finance, the Ministry of Labor and Social Security and the China Securities Regulatory Commission for the record. Eleventh social security fund investment managers shall perform the following duties:
(a) according to the investment management policy and the social security fund entrusted asset management contract, manage and use the social security fund assets for investment.
(two) the establishment of social security fund investment management risk reserve.
(3) The accounting vouchers, accounting books and annual financial and accounting reports of the assets entrusted by the social security fund have been kept intact for more than 65,438+05 years.
(four) the preparation of social security fund entrusted assets financial accounting report, issued by the social security fund entrusted assets investment operation report.
(five) keep the social security fund investment record 15 years or more.
(6) Other duties stipulated in the asset management contract entrusted by the social security fund. Twelfth in any of the following circumstances, the social security fund investment manager shall report to the Council in a timely manner:
(1) The market value of social security fund assets fluctuates greatly.
(2) The investment manager of the social security fund reduces capital, merges, divides, dissolves, is revoked according to law, decides to apply for bankruptcy or is applied for bankruptcy.
(3) The social security fund investment manager is involved in major litigation or arbitration.
(4) Major changes have taken place in the directors, supervisors, managers and other senior managers of the social security fund investment manager.
(five) other matters that may have a significant impact on the value of assets entrusted by the social security fund.
(6) Other reporting items agreed in the entrusted asset management contract.