Yes, China Municipal Fund is a central enterprise. China Government-Enterprise Cooperation Investment Fund Co., Ltd. is a national-level guiding fund approved by the State Council and established by the Ministry of Finance in conjunction with the National Social Security Fund Council, China Construction Bank, Agricultural Bank, Volkswagen Group, Postal Savings Bank, Industrial and Commercial Bank of China, Bank of Communications, CITIC Group, China Life Insurance, China Bank, China Everbright Group and other large domestic financial investment institutions.

What is an investment fund?

Investment funds, also known as mutual funds or mutual funds, are institutions that raise funds through public offering of fund shares and then invest in securities. Investment funds are managed by fund managers and fund custodians, and carry out securities investment activities in the form of portfolio to serve the interests of fund share holders.