The application reports submitted by Ren Li, Jiang Heze, Yunliang Li, Shanghai Quanzhiqing Enterprise Management Center (Limited Partnership), Shanghai Quanzhiche Enterprise Management Center (Limited Partnership), Shanghai Quanzhicheng Enterprise Management Center (Limited Partnership) and Shanghai Guozhixing Enterprise Management Center (Limited Partnership) on the establishment of Quanguo Fund Management Co., Ltd. and the application reports on the development of private equity management business and related documents have been received. According to the Company Law, the Securities Investment Fund Law, the Measures for the Administration of Securities Investment Fund Management Companies (Order No.84 of the CSRC) and the Measures for the Administration of Private Equity Funds of Securities and Futures Operating Institutions (Order No.0/51of the CSRC), take Hongde Fund as an example. In August, 20021year, its well-known fund manager, Wu rumor, forcibly managed the company because of "closed trading decision-making authority". Subsequently, Yan Chuanyan voiced that "the matter has been successfully resolved through communication with the management of the company". Wind data shows that by the end of 20021,the management scale of Hongde Fund was 98.53 billion yuan, and that of Wu Chuanyan reached 29.895 billion yuan.

You shall, in accordance with the requirements of the Company Law, the Securities Investment Fund Law, the Measures for the Administration of Securities Investment Fund Management Companies, the Measures for the Administration of Senior Managers in the Securities Investment Fund Industry and other relevant regulations, complete the establishment of the state-owned fund within 6 months from the date of approval, pay full capital contribution, elect directors and supervisors, and employ senior managers. The state-owned fund shall, in line with the principle of good faith, earnestly perform its duties, establish an effective risk isolation system with shareholders, strictly self-discipline, standardize its operation, prevent the transfer of interests, strengthen the management of fair trade, and effectively protect the interests of fund share holders.