enterprise funds refer to funds whose ownership and use right belong to the enterprise. All the funds of state-owned enterprises belong to the state. Since the reform of enterprise financial system in 1978, the state-owned enterprises have a certain degree of control over the enterprise funds, profit retention, after-tax profit retention and other funds extracted from profits, and the state cannot recover them at will or allocate them free of charge. Although this part of the funds is also state funds, relatively speaking, great changes have taken place in the nature of the source. The use of funds in an enterprise refers to the continuous circulation and turnover of funds in supply, production and sales after they are invested in the enterprise.

Response time: April 9, 221. Please refer to the latest business changes announced by Ping An Bank in official website.

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