The number of shares held by a fund in a company shall not exceed the number of shares in the company.

According to the relevant provisions of China's current Measures for the Operation and Management of Securities Investment Funds, the investment ratio of China's securities investment funds must meet the following requirements:

(1) If the name of the fund indicates the investment direction, more than 80% of the non-cash assets shall be determined by the investment direction;

(2) The fund holds shares of a listed company, and its market value shall not exceed 65,438+00% of the fund's net asset value;

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

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