A fund management company refers to a company established in accordance with relevant laws and regulations to manage fund raising, fund share subscription and redemption, fund property investment, income distribution and other fund operation activities. The legal raising of securities investment funds shall be undertaken by the fund manager, who shall be a fund management company established according to law.
The fund manager is responsible for making investment plans and supervising and managing the invested enterprises; According to the articles of association of the fund company, disclose information such as fund investment operation and fund management information service to fund investors. Prepare the financial report of the Fund on a regular basis, and report to the board of directors (holders' meeting) of the Fund after being audited by a qualified accounting firm; Other duties as determined in the articles of association of the fund company and the fund management agreement.
As an investor, the government mainly invests in the fund as LP (Limited Partner). The property of a limited partnership private equity fund is independent of the property of each partner. As an independent unincorporated enterprise entity, limited partnership private equity fund has independent property; For the debts of the partnership, firstly, the partnership's own property is used to pay off the debts, and the insufficient part is borne according to the different status of each partner; During the existence of a limited partnership, each partner may not require the division of the partnership property. Thereby ensuring the property independence and stability of the limited partnership private equity fund. Through the People's Republic of China (PRC) Partnership Enterprise Law, we can deeply understand the specific provisions of limited partners.
Social funds of government-funded industrial investment funds shall be raised by private placement, and the raising behavior shall comply with relevant laws and regulations and the provisions of relevant state departments. The private placement adopted by the government is different from the traditional private placement fund.
Legal basis: Article 6 of the Company Law of People's Republic of China (PRC) shall apply to the company registration authority for registration of establishment. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company. Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered.