(1) After the risk funds of Shanghai and Shenzhen Stock Exchanges reach the prescribed upper limit respectively, 20% of the transaction fee will be included in the fund;

(2) All securities companies registered in China should pay 0.5-5% of their operating income to the fund;

Securities companies with poor management and high risks should pay a higher proportion of funds. The specific payment ratio of each securities company shall be determined by the fund company according to the risk status of the securities company and reported to the CSRC for approval, and adjusted every year. Funds paid by securities companies are included in their operating costs;

(3) When issuing stocks, convertible bonds and other securities, interest income from frozen funds shall be purchased;

(4) Recovering the income from the responsible party and the income from bankruptcy liquidation of the securities company according to law;

(five) donations from domestic and foreign institutions, organizations and individuals;

(6) Other lawful income. The funds that should be paid by a securities company shall be pre-extracted according to a certain proportion of the commission income of the securities company, and withheld and remitted by China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as the clearing company). A securities company shall, after the end of the annual audit, determine the fund amount to be paid according to its audited income and the proportion approved in advance, and report the settlement to the fund company in time.

A securities company that does not engage in securities brokerage business shall pay in advance the operating income of the quarter and the pre-approved proportion within 10 working days after the end of each quarter. After the annual audit, determine the fund amount that should be paid in the current year and report the payment to the fund company in time. The purpose of this fund is:

(1) When a securities company is revoked, closed down or bankrupt, or is subject to compulsory supervision measures such as administrative takeover and custody operation by the China Securities Regulatory Commission, it shall pay off the creditors in accordance with relevant state policies and regulations.

(2) Other purposes approved by the State Council. A fund company shall operate in accordance with the law, perform the management duties of the fund according to the principle of safety and stability, and ensure the safety of the fund.

The fund's capital utilization is limited to bank deposits, purchase of government bonds, central bank bonds (including central bank bills), financial bonds issued by central financial institutions and other forms of capital utilization approved by the State Council. The CSRC is responsible for supervising the business of fund companies and supervising the raising, management and use of funds.

The Ministry of Finance is responsible for the management of state-owned assets and financial supervision of fund companies.

The People's Bank of China is responsible for inspecting and supervising the compliance with the use of refinancing funds borrowed by fund companies. A fund company shall establish an information reporting system, summarize the fund raising, management and use on a monthly and quarterly basis, and submit them to the China Securities Regulatory Commission, the Ministry of Finance and the People's Bank of China.

The fund company shall report to the Ministry of Finance on the implementation of financial revenue and expenditure and budget and final accounts every year, and accept the supervision and inspection of the Ministry of Finance.

The fund company shall report the use of refinancing funds to the People's Bank of China every year and accept the supervision and inspection of the People's Bank of China. Securities companies and registration and settlement institutions shall use the funds according to the prescribed purposes and shall not use them for other purposes.

A fund company shall check the use of the fund and may entrust an intermediary agency to conduct a special audit. The inspected securities companies, custodian settlement institutions and relevant units and individuals shall cooperate. These Measures shall be interpreted by the China Securities Regulatory Commission in conjunction with the Ministry of Finance and the People's Bank of China.