A fund manager who uses the fund property for securities investment shall not have the following circumstances:

① The fund holds securities issued by a company, and its market value exceeds10% of the fund's net asset value;

② All funds managed by the same fund manager hold securities issued by one company, and their market value exceeds 65,438+00% of the securities;

(3) Fund property participates in stock issuance and subscription. The number declared by a single fund exceeds the total assets of the fund, and the number of stocks declared by a single fund exceeds the total number of shares to be issued by the company this time.

④ A fund holds other funds (excluding money market funds), and its market value exceeds 65,438+00% of the fund's net asset value, except the funds in the fund;

⑤ The fund in the fund holds other single funds, whose market value exceeds 20% of the net asset value of the fund, or invests in funds in other funds;

⑥ The total assets of the fund exceed140% of the net assets of the fund;

⑦ Violating the stipulations of the fund contract on investment scope, investment strategy and investment proportion;

Eight other circumstances prohibited by the China Securities Regulatory Commission.

The types of funds that invest in securities in full proportion to the relevant index may not be subject to the proportion restrictions stipulated in Items 1 and 2 of the preceding paragraph.