What Is a Fund Administration?

A fund management company refers to a company established in accordance with relevant laws and regulations to manage fund operation activities such as fund raising, fund share purchase and redemption, fund property investment, and income distribution. The fund managers shall bear the legal fundraising of securities investment funds. The fund manager shall be a fund management company established according to law. Fund managers shall be approved by the securities regulatory authority of the State Council. According to the establishment method, there are closed-end funds and open-end funds; contract-type funds and company-type funds; by investment objects, there are stock funds, money market funds, option funds, real estate funds, and so on.

Fund management company

Fund management companies refer to the fund raising and fund shares established in accordance with relevant laws and regulations.

Funds are divided according to whether funds are raised for the general public

According to the Securities Investment Fund Law, the establishment of a fund management company shall meet the following requirements:

1. There is compliance with the Securities Investment Fund Law and the

Registered fund management company process

1. Pre-approval registration of corporate online names

2.Receive the Notice of Pre-approval of Enterprise Name

3. Handle

What are the scope of business of registered fund management companies:

1. Entrust other equity investment funds to engage in non-securities equity investment management and consulting. (Do not engage in the following business: (1) raise funds in a public manner; (2) invest in areas where foreign investment is prohibited by the state; (3) trading of stocks and corporate bonds in the secondary market (but after the invested company is listed, equity investment funds hold (Shares are not included in this list); (4) transactions of financial derivatives such as futures; (5) direct or indirect investment in non-self-use real estate; (6) misappropriation of non-own funds for investment; (7) providing loans or guarantees to others; 8) Laws, regulations, and other matters prohibited by the establishment documents of foreign equity investment funds.)

2. Accept the entrustment of other equity investment funds, engage in non-securities equity investment management and consulting, and not engage in other business activities.

3. Investment management and consulting for non-securities business. (Do not engage in the following businesses: 1. issuing loans; 2. publicly traded securities investment or financial derivative transactions; 3. publicly raising funds; 4. providing guarantees to enterprises other than invested enterprises.)

1. Select, supervise, and replace account managers, custodians, and investment managers; 2. Formulate strategic asset allocation strategies for enterprise annuity funds;

3. Supervise the management of the enterprise annuity fund according to the contract;

4. Collect enterprise and employee contributions according to the contract, pay enterprise annuity benefits to beneficiaries, and agree on specific implementation methods in the contract;

5. Accept enquiries from clients and submit corporate annuity fund management and financial accounting reports to clients on a regular basis. When major events occur, report to the client and the relevant regulatory authorities in a timely manner; submit regular reports to the relevant regulatory authorities on the development of the trusteeship management business of the enterprise annuity fund;

6. Keep records related to the management of enterprise annuity funds in accordance with national regulations for at least 15 years from the date of termination of the contract;

7. Other duties stipulated by the state and contract. ^[1]

Chapter I General Provisions

Article 1 These measures are formulated in order to safeguard the legitimate rights and interests of all parties to the enterprise annuity, regulate the management of enterprise annuity funds, and comply with relevant laws and regulations of the State Council, such as the Labor Law, the Trust Law, the Contract Law, and the Securities Investment Fund Law.

Article 2 These Measures shall apply to the fiduciary management, account management, custody, investment management, and supervision and management of enterprise annuity funds.

The enterprise annuity fund mentioned in these measures refers to the enterprise supplementary pension insurance fund formed by the funds raised according to the enterprise annuity plan formulated in accordance with the law and the investment and operation income.

Article 3 An enterprise that establishes an enterprise annuity plan and its employees shall, as the client, sign a trust management contract with the enterprise annuity council or a legal person trustee (hereinafter referred to as the trustee).

The trustee and the enterprise annuity fund account management institution (hereinafter referred to as the account manager), the enterprise annuity fund custodian institution (hereinafter referred to as the custodian), and the enterprise annuity fund investment management institution (hereinafter referred to as the investment manager) respectively sign entrusted management contracts.

Article 4 The trustee shall report the entrusted management contract and the entrusted management contract to the human resources and social security administrative department for the record.

Article 5 An enterprise annuity plan shall have only one trustee, one account manager and one custodian, and an appropriate amount of investment managers may be selected according to the size of the assets.

Article 6 In the same enterprise annuity plan, the trustee and the custodian, the custodian and the investment manager may not be the same person; if the enterprise establishing the enterprise annuity plan sets up the enterprise annuity council as the trustee, the enterprise and the custodian shall not be the same The general manager of the trustee and the custodian, the custodian and the investment manager, the investment manager and other investment managers, and the enterprise annuity practitioners shall not serve concurrently.

In the same enterprise annuity plan, if the legal person trustee has qualifications for account management or investment management, it may concurrently serve as the account manager or investment manager.

Article 7

The way private equity funds operate is

Financing methods are

As of the end of August 2019, the total assets of China's public funds were 13.84 trillion yuan. After achieving a growth of nearly 260 billion yuan in July, the total size of public funds raised in August increased by more than 100 billion yuan. At the same time, there are 126 fund management companies in China, including 44 Chinese-foreign joint ventures and 82 domestic companies. A total of 13 securities companies or asset management subsidiaries of securities companies and 2 insurance asset management companies have obtained public fund management qualifications. ^[2]