Article 33 Industrial funds can only be invested in unlisted enterprises, in which the investment proportion in the investment field reflected in the name of the fund is not less than 60% of the total assets of the fund, and the idle funds in the investment process can only be deposited in banks or used to buy securities such as government bonds and financial bonds. However, the untransferred share of the fund held by the invested enterprise after listing and its capital increase and allotment are not subject to this restriction.
Article 34 The investment amount of an industrial fund in a single enterprise shall not exceed 20% of the total assets of the fund. When investing in the form of common stock, the proportion of equity in the invested enterprise should be at least enough to participate in the decision-making of the invested enterprise (at least have a board seat).
Article 35 Industrial funds shall not invest in enterprises with unlimited liability.
When investing in related parties, the investment decision-making should implement the related party avoidance system, which should be approved by more than two-thirds of the directors of non-related parties.
Article 36 Industrial funds shall not engage in the following businesses:
(1) Loan business and capital lending business;
(2) Futures trading.
(3) Mortgage and guarantee business;
(4) Other businesses prohibited by administrative organs.
Article 37 An industrial fund may be indebted in the name of the fund company, but the asset-liability ratio of the fund shall not exceed 50%.
Article 38 After an enterprise invested by an industrial fund is listed, the shares held by the fund can be transferred on the listed exchange one year after the enterprise is listed, but the transferred shares shall not exceed 2% of the total number of shares in circulation of the listed enterprise on each trading day.
Thirty-ninth industrial funds implement independent investment decision-making system, but each project invested must be reported to the management institution for record within 10 working days after the end of each quarter.
Article 40 The composition and distribution of the fund's income, as well as other relevant expenses standards that need to be borne by the fund, such as fund management fees, custody fees and managers' performance awards, must be approved by the management authorities and stated in the prospectus, articles of association of the fund company, entrusted management agreement and custody agreement.
Article 41 A fund manager shall promptly report to the board of directors and the management institution of the fund company the major events that occur during the operation of the fund. Submit the fund financial report to the board of directors and management organization of the fund company on a regular basis. Submit an interim financial report within three months after the end of every six months, and submit an annual financial report within six months after the end of every fiscal year.
The specific content and format of the financial report shall be formulated separately.
Article 42 The administrative organ shall inspect and audit the raising, establishment, investment operation, related business activities and financial and accounting information of industrial funds at any time, and the relevant institutions and personnel shall not obstruct or refuse to provide relevant information or provide false, untrue or unknown information for any reason.