The highest decision-making body of a fund company is the investment decision-making committee, which has the highest decision-making power on the investment matters managed by the fund, and is responsible for deciding the investment plan, investment strategy, investment principles, investment objectives, asset allocation and investment authority of the fund managed by the company. The specific investment details are mastered by the fund manager himself.

The investment management departments of fund companies mainly include investment department, research department and trading department. The investment department is responsible for stock selection and portfolio management according to the investment principles and plans formulated by the investment decision-making Committee, and issues investment instructions to the trading department; At the same time, the investment department is also responsible for the feedback function of the investment plan, and provides the market dynamic information to the investment decision-making Committee immediately. The research department is the supporting department of fund investment operation, mainly engaged in macroeconomic analysis, industry development analysis and value analysis of listed companies. The trading department is the specific executive department of the fund investment operation, and is responsible for organizing, formulating and executing the trading plan.

The specific procedures are as follows:

1. The research department integrates internal and external research forces to conduct investigation and research, and provides macro and micro information including macro policies, economic situation and market conditions to the investment decision-making committee.

2, the investment decision-making committee according to the information provided by the research department to formulate investment principles, investment direction and overall investment plan.

3. The fund manager draws up the investment portfolio and investment plan according to the investment value analysis report provided by the research department, submits it to the investment decision-making committee for deliberation and approval, and then submits it to the risk control department for review.

4. The fund manager issues investment instructions to the trading department according to the investment plan approved by the investment decision-making committee.

5. The trading department will report the investment implementation to the fund manager and liquidator.

6. The fund manager and liquidator will feed back the investment summary report to the investment decision-making committee.

7, the investment decision-making committee according to the feedback, modify the portfolio plan.