Controlling shareholders refer to shareholders whose capital contribution accounts for more than 50% of the total capital of a limited liability company or whose shares account for more than 50% of the total share capital of a joint stock limited company; Although the amount of capital contribution or the proportion of shares held is less than 50%, shareholders who have sufficient voting rights according to their capital contribution or shares held have significant influence on the resolutions of the shareholders' meeting or shareholders' meeting. According to the People's Republic of China (PRC) Securities Investment Fund Law and the Measures for the Administration of Securities Investment Funds,

(1) The fund holds shares of a listed company, and its market value shall not exceed10% of the fund's net asset value;

(2) All funds managed by the same fund manager shall hold securities issued by a company, and shall not exceed 65,438+00% of the securities;

Therefore, fund companies cannot become the controlling shareholders of listed companies and cannot fundamentally control listed companies. However, according to its shares, it can have corresponding voting rights in the board of directors and shareholders' meeting. In fact, many funds can jointly recommend directors and collectively exercise shareholders' rights. For example, in the board of directors of Gree Electric, the directors recommended by the fund and QFII were elected. Ownership structure is the foundation of listed company governance. With the increasing dispersion of shares of a large number of listed companies, a number of listed companies have been formed. If more directors elected by fund companies are elected in the future, it will help to improve the governance structure of A-share listed companies.