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What are the securities investment funds in China?
Contract fund.

1. limit on the number of investors: the maximum number of investors in contract funds is higher, while the maximum number of investors in corporate funds and limited partnership funds is lower.

2. Tax advantage: The contractual fund itself is a collective property, and it does not act as a taxpayer and does not withhold and pay personal income tax. The enterprise itself is a taxpayer and needs to withhold and pay personal income tax.