Corporate industrial investment funds exist in the form of joint-stock companies or are established in the form of limited partnerships. Every investor of this fund is a shareholder or investor of the fund company, and has the right to put forward suggestions and queries on the operation of the company (enterprise). The corporate industrial investment fund is a legal person (partner), and the power of the management company hired is limited, and the ownership and management rights are not completely separated. Investors will influence the decision-making orientation of the company to varying degrees, thus restricting the management operation of the fund by the management company to a certain extent.

Two, contractual industrial investment funds do not exist in the form of joint-stock companies, investors are not shareholders, but only the parties in trust deed and the beneficiaries of the fund, and have no right to participate in management decisions. Contractual industrial investment funds are not legal persons, and management companies must be entrusted to manage and operate the fund assets. Ownership and management rights are completely separated, which is conducive to the long-term stable operation of industrial investment funds. Because the management company has enough power to manage and operate the fund, the asset control right of contractual industrial investment funds will not be affected by the intention of many small investors to pursue short-term interests, which is in line with the operation mode of modern enterprise system.