chapter I general provisions article 1 these measures are formulated to strengthen and standardize the fund raising, management and use of China clean development mechanism fund (hereinafter referred to as the fund) and realize the purpose of the fund. Article 2 Funds are policy funds established with the approval of the state and managed according to the social fund model. Article 3 The purpose of the Fund is to support the country's efforts to cope with climate change and promote sustainable economic and social development. Article 4 The raising, management and use of funds shall follow the principles of openness, fairness, safety, efficiency and earmarking. Chapter II Management Organization and Its Duties Article 5 The management organization of a fund consists of a fund audit council and a fund management center. Article 6 The Fund Audit Council is an inter-ministerial deliberative body on fund affairs.

The Fund Audit Council is composed of representatives from the National Development and Reform Commission, the Ministry of Finance, the Ministry of Foreign Affairs, the Ministry of Science and Technology, the Ministry of Environmental Protection, the Ministry of Agriculture and the Meteorological Bureau.

The Fund Audit Council has a chairman and a vice-chairman, and representatives from the National Development and Reform Commission and the Ministry of Finance respectively perform their duties.

The Fund Audit Council is responsible for auditing the following matters:

(1) Basic fund management system;

(2) strategic plan for fund development, including the annual plan for the use of funds;

(3) applications for fund grant projects and major paid use projects;

(4) the annual financial revenue and expenditure budget and final accounts of the fund;

(5) Other major business matters of the Fund.

the matters listed in the preceding paragraph shall be reported to the national development and reform commission and the Ministry of finance for approval after being reviewed by the fund review board and reaching a consensus. Article 7 The fund management center is the daily management organization of the fund, which is specifically responsible for the fund raising, management and use, and is under the centralized management of the Ministry of Finance. Article 8 the fund management center shall perform the following duties:

(1) to draft the basic fund management system and formulate specific fund operation management regulations;

(2) raising fund funds;

(3) manage the fund funds and organize the paid use and financial management activities of the fund;

(4) To prepare and organize the implementation of the annual financial revenue and expenditure budget and final accounts of the Fund;

(5) supervise and manage the operation of projects supported by the fund;

(6) Report the major business matters of the Fund to the Fund Audit Council;

(7) Carry out other activities that are in line with the purpose of the Fund. Chapter iii fund raising article 9 sources of funds include:

(1) the state-owned part of the income from the transfer of greenhouse gas emission reduction through clean development mechanism projects;

(2) operating income of the fund;

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

(4) Other sources. Article 1 The term "emission reduction" as mentioned in these Measures refers to the greenhouse gas emission reduction transferred through clean development mechanism projects with the approval of the state; Emission reduction income refers to the income obtained from the transfer of emission reduction.

the income from emission reduction shall be owned by the state and enterprises implementing clean development mechanism projects (hereinafter referred to as project owners) respectively according to the prescribed proportion. The part of emission reduction income owned by the state (hereinafter referred to as national income) is fully included in the fund. Article 11 The fund management center shall be responsible for collecting the national income from the project owner or the emission reduction purchaser as agreed in the emission reduction transfer contract.

the project owner shall, within 15 working days after obtaining the emission reduction income, pay the national income to the designated account according to the prescribed proportion. Article 12 National income shall be obtained in the currency agreed in the emission reduction transfer contract.

if it is stipulated in the emission reduction transfer contract to pay in foreign currency, but it is really necessary to pay the national income in RMB, with the consent of the fund management center, the project owner shall pay in RMB within 15 working days after obtaining the income, and the exchange rate shall be subject to the spot purchase price on the settlement date. Thirteenth emission reduction transfer contract signed by the project owner and emission reduction buyer.

the project owner shall, within 15 working days after the emission reduction transfer contract comes into effect, report a copy of the contract, a copy of the business license, and the contact persons and contact information of both parties to the contract to the fund management center for the record.

in case of any change in the record items, the project owner shall inform the fund management center within 15 working days from the date of change. Article 14 If the project owner delays, underpays or fails to pay the national income, the Ministry of Finance and the National Development and Reform Commission will deal with it and punish it according to relevant regulations. Chapter IV Use of Funds Article 15 The use of funds shall be in the form of grants and paid use.

the fund supports related activities that are conducive to strengthening the capacity building and raising public awareness of climate change through grants.

the fund supports industrial activities that are beneficial to climate change through paid use.

the fund conducts financial management activities through bank deposits, purchase of government bonds, financial bonds and corporate bonds. Article 16 Fund expenditures include business expenditures and basic management fees.

business expenses include grant expenses and paid use project development expenses.

the annual expenditure scale of fund grants is determined according to the actual needs of the country's work to deal with climate change.

the development expenses of paid use projects mentioned in these measures refer to the expenses incurred in the process of screening, investigation, evaluation and project establishment of paid use projects of funds. The development expenses of the paid use project shall be extracted according to a certain proportion of the project use amount.

the basic management expenses mentioned in these measures refer to the daily management expenses during fund raising, management and use, including the daily management expenses of clean development mechanism projects. The basic management expenses shall be drawn according to a certain proportion of the fund's net asset value at the end of last year.

The specific extraction ratio of development expenses and basic management expenses for paid use projects shall be separately stipulated by the Fund Audit Council.