Collective capital is the owner's equity of the income generated by the collective subject investment. This concept is relative to enterprise capital and individual capital.

To put it bluntly, fund investment is an indirect way of securities investment, mainly because fund management companies collect the funds of many investors by issuing fund shares, and then fund managers manage and use the funds to invest in a unified way, so that * * * bears risks and * * * enjoys benefits.

Therefore, relative to legal persons and individual capital, the subject of funds is collective, so it belongs to collective capital.