Contents
Chapter 1 General Provisions
Chapter 2 Fund Structure
Chapter 3 Responsibilities
Chapter 4 Recruitment of the Industry-Guided Mother Fund
Chapter 5 Investment Areas and Direction of the Industry-Guided Mother Fund
Chapter 6 Duration of the Industry-Guided Mother Fund
Chapter 7 Industrial Chapter 7: Investment Operation of the Industry-Guided Parent Fund
Chapter 8: Exit of the Industry-Guided Parent Fund
Chapter 9: Investment Operation of the Sub-Funds
Chapter 10: Incentive and Restriction Mechanism
Chapter 11: Risk Supervision and Exemption
Chapter 12: Appendixes
relevant national laws and regulations, combined with the actual situation of Ganzhou Economic and Technological Development Zone, the formulation of these measures.
Second Article The Industrial Guidance Fund referred to in these Measures refers to the policy fund funded and established by the district finance and the district state-owned enterprises and operated in a market-oriented manner, which does not aim at profit maximization, but focuses on giving full play to the guiding role and magnifying effect of the financial state-owned funds, guiding various types of capitals, projects, technologies and talents to focus on the key industries of Ganzhou Economic and Technological Development Zone to gather, and helping the relevant industries to become bigger and stronger.
Article 3 The Industrial Guidance Fund shall operate in accordance with the basic principles of "government guidance, market operation, professional management and risk prevention".
(1) Government guidance. The relevant departments of the District Management Committee focus on macro-management in researching industrial planning, preferential policies, promoting projects, and formulating evaluation and assessment mechanisms, etc., and support the development and strategic upgrading of key industries in the district through policy guidance. The Industrial Guidance Fund Council is set up to coordinate and solve the major problems of the Industrial Guidance Fund.
(ii) market operation. Fund-raising, investment, post-investment management, liquidation, exit, etc. through market-oriented operation.
(C) professional management. The fund management company carries out professional management and operation of the industrial guidance fund, establishes a scientific, independent and perfect decision-making mechanism, and carries out project screening, project creation, due diligence, investment, management and other work in a market-oriented manner.
(d) Risk prevention. Efforts will be made to build a standardized fund management system, improve operation and supervision procedures, formulate investment decision-making mechanisms, improve internal control and external supervision systems, and effectively prevent operational risks.
Chapter II: Fund Structure
Article 4: The Industrial Guidance Fund adopts the mode of "mother fund + sub-fund + follow-on investment".
The operation of the industrial guidance fund shall be based on the premise of ensuring the safety of state-owned funds, while taking into account the return of investment income. Sub-funds are established in accordance with the actual situation of industrial development.
Chapter III Institutional Responsibilities
Article V Industrial Guiding Fund Council
(1) Industrial Guiding Fund Council consists of:
District Management Committee in charge of financial work leaders, District Bureau of Finance, District Economic and Development Bureau, District Bureau of Enterprises and Industry, District Bureau of Commerce, District Taxation Bureau, District Financial Services Center, District State-owned Assets Office, District Development Group main responsible person.
(2) The Board of Directors of the Industrial Guidance Fund shall exercise the following powers and functions:
1. Coordinate and coordinate the development of the Industrial Guidance Fund which is significant and direction-led, and coordinate and solve the major problems of the Industrial Guidance Fund;
2. Consider and decide on the policies of the development of the Industrial Guidance Fund as well as the important systems;
3. Consider and decide on the other major matters which need to be finalized. Matters to be finalized.
(3) The Board of Directors of the Industrial Guidance Fund shall set up an office, which is responsible for researching and drafting policies on the development of the fund, fund management methods and relevant systems, as well as dealing with the day-to-day affairs of the Board of Directors. The office of the Industrial Guidance Fund Council is located in the District Financial Services Center.
Article 6: Managers of the Industrial Guidance Mother Fund
The managers of the Industrial Guidance Mother Fund shall be the subordinate fund management companies of the state-owned enterprises in the district, and their main duties are: to carry out daily management of the Industrial Guidance Mother Fund, to plan the layout of the sub-funds and investment, to select sub-fund cooperation organizations, to supervise and manage the operation of the sub-funds, and to assess the performance of the sub-funds, etc. There shall be two committees under the Board of Governors.
(1) Project Management Committee of the Industry-guided Mother Fund (hereinafter referred to as "Project Management Committee")
The Industry-guided Mother Fund has an independent Project Management Committee, which is mainly responsible for examining and approving sub-funds/investment businesses applying for projects.
(2) Investment Decision-making Committee of the Industry-guided Mother Fund (hereinafter referred to as the "Investment Decision-making Committee")
The Industry-guided Mother Fund has set up an independent Investment Decision-making Committee, which is the investment decision-making body of the Industry-guided Mother Fund.
Article 7 Decision-making Body of Sub-funds
The sub-funds shall have independent project committee and investment decision-making committee, which shall be formed in accordance with the agreement of partnership, and shall carry out market-oriented and professionalized decision-making.
Chapter IV: Fund Raising of the Industrial Guidance Parent Fund
Article 8 The fund raising of the Industrial Guidance Parent Fund shall be conducted in the form of one-time contribution, committed contribution, monetized contribution, etc., and shall be put in place in installments according to the progress of the investment of the sub-funds/projects or the requirements of the administrator.
The scale of the industry-guided mother fund is 1.25 billion yuan, which will be put in place in stages according to the investment progress and fund operation, and is specifically coordinated and arranged by the District Bureau of Finance, and in principle, injected through the increase of the capital of district-owned state-owned enterprises as the cornerstone contribution to the industry-guided mother fund, which shall not be misappropriated.
Chapter V Industrial Guidance Mother Fund investment areas and directions
Article IX Industrial Guidance Fund investment, mainly focused on the development of key industries and major projects in our region, focusing on the development of the leading, fill the chain, build platforms, elements, strong clusters.
Article 10: The funds of the mother fund of industrial guidance may be invested in sub-funds, and may also be invested in the financing body of major projects in the region by following the investment, but the amount of following the investment shall not exceed the amount of the investment of the project's lead investor.
Industry-guided mother fund focuses on investing in new energy and new energy vehicles, electronic information, rare earth, tungsten and lithium high-end applications, new materials, high-end equipment, food processing, energy conservation and environmental protection and other key industries in Ganzhou Economic and Technological Development Zone.
Article XI of the key industries in line with the region's planning, with high-quality industrial projects in our region of the listed companies to increase, mergers and acquisitions and other investment projects, industry-led mother fund can be a matter of discussion, special report to the Industry Guidance Fund Council for consideration. Particularly significant matters shall be reported to the District Management Committee for approval.
Chapter VI: Duration of the Industrial Guidance Mother Fund
Article 12: The duration of the Industrial Guidance Mother Fund shall be 15 years, which may be renewed upon the approval of the Industrial Guidance Fund Council.
Chapter VII: Investment Operation of the Industry-Guided Mother Fund
Article 13 The selection of the sub-fund manager and investment in the sub-fund (hereinafter referred to as the "selection of cooperating institutions") as well as the follow-on investment of the industry-guided mother fund shall be in accordance with the principles of scientization, specialization, and marketization, and shall be carried out by the industry-guided mother fund manager. In accordance with the procedures of solicitation of cooperating institutions, declaration of institutions, establishment of projects, due diligence, investment decision-making, and social publicity.
Article 14 The selection of cooperative institutions shall be carried out in accordance with the "Guidelines for Selection of Cooperative Institutions for Industrial Funds for Major Projects in Ganzhou Economic and Technological Development Zone (for Trial Implementation)".
Article 15 Project Establishment
The Project Establishment Committee of the Industry Guiding Mother Fund shall be formed by the manager of the Industry Guiding Mother Fund, which shall in principle consist of more than 5 (odd) members, including legal, financial and other professionals, and industry experts may be introduced when conditions are ripe. The project committee is responsible for considering and voting on the project report. After the project is approved, the manager of the industry-guided mother fund will conduct due diligence on the proposed cooperation organization.
Article 16 Due Diligence
The main investigation shall be conducted on whether the cooperating institutions have the conditions for declaration and whether the establishment of sub-funds has the conditions for declaration, and the Due Diligence Report shall be issued.
Article 17 Investment Decision Making
The investment decision making committee of the industry-guided mother fund shall be set up by the manager of the industry-guided mother fund, and in principle, it shall be composed of more than five (including) (odd) members, including legal and financial professionals, and when conditions are ripe, it may introduce industry experts. The Investment Committee is responsible for considering and voting on the Due Diligence Report.
Article 18 The manager of the industrial guidance mother fund shall formulate relevant systems for project establishment, due diligence and investment decision-making, and implement them in accordance with the requirements of the system.
Industry-guided mother fund's contribution to the sub-fund of 100 million yuan (excluding this amount) or less shall be implemented after passing the decision-making of the relevant procedures of the state-owned enterprises in the district; industry-guided mother fund's contribution to the sub-fund of 100 million yuan (including this amount) or more shall be reported to the District Management Committee for approval after passing the audit of the State-owned Assets Office of the District and the decision-making of the relevant procedures of the state-owned enterprises in the district. Specific reference to the "on further strengthening and improving the district state-owned enterprises supervision of a number of measures" (Gan by opening the word [2020] No. 185) authority management.
Industry-guided mother fund to follow the investment by the industry-guided fund council and fund office to consider and approve the decision-making procedures with reference to the "Interim Measures for Investment Management of State-owned Enterprises Supervised by Ganzhou Jingkai District," the special supervisory category of matters.
Chapter VIII: Exit of the Industry-guided Mother Fund
Article 19 The Industry-guided Mother Fund shall achieve legal, compliant and orderly exit.
Industry-guided mother funds shall realize withdrawal through recovery of investment after maturity of sub-funds or transfer of shares of sub-funds, and obtain returns through investment income of sub-funds.
Chapter IX Investment and Operation of Sub-Funds
Article 20 Principles of Operation of Sub-Funds:
(1) Contributors' funds are synchronized in accordance with the proportion of capital contribution, share the benefits and risks.
(2) The industry-guided mother fund shall not promise other contributors that the principal will not be lost or that the minimum return will not be guaranteed, except as otherwise provided by national laws and regulations or policies.
(3) In order to better play the guiding role of the state-owned capital, for the sub-funds that efficiently complete the task of returning investment and have good industrial guidance effect, the industrial guidance fund may, by way of partial transfer of income from the state-owned capital, make moderate concessions to the sub-fund managers and social capital, and the specific concessions shall be implemented with the consent of the council of the industrial guidance fund.
Article 21 Fund Raising of Subfunds
In principle, the subfunds set up by the industry-guided mother fund shall not be contributed more than 40% by the industry-guided mother fund; for the subfunds set up in compliance with the relevant requirements, the proportion of contribution shall be implemented in accordance with the relevant measures. The rest of the contribution by the sub-fund managers to market-oriented way to raise. Under the premise of risk control, the proportion limit may be appropriately relaxed with the consent of the Industrial Guidance Fund Council.
The sub-fund's capital is raised by way of one-time contribution, commitment, monetized contribution, etc., and will be put in place in steps according to the investment progress of the project or the requirements of the manager.
Article 22 Investment Areas and Directions of Sub-Funds
(1) The sub-funds focus on key industries and major projects in the region covering the whole industrial chain, the whole life cycle of the project for market-oriented investment, with the help of social capital, to promote the transformation and upgrading of the region's industries and mergers and acquisitions integration.
(2) During the period of existence of the sub-fund, the amount of its investment in Ganzhou Economic and Technological Development Zone shall not be less than 80% of the paid-in capital of the industry-guiding mother fund (the percentage of investment). The following cases are considered as investments in Ganzhou Economic Development Zone, specifically:
1. Investments in enterprises registered in Ganzhou Economic Development Zone;
2. Investments in enterprises existing in Ganzhou Economic Development Zone by way of equity investment in enterprises outside the Zone;
3. Investments in subsidiaries of enterprises outside the Zone which are mainly in charge of production and research and development;
4. Investments in enterprises outside the Zone that have relocated and settled in Ganzhou Economic Development Zone;
5. Investments in enterprises outside the Zone which are mainly in charge of production and research and development;
6. Investments in enterprises outside the Zone which have relocated and settled in Ganzhou Economic Development Zone. The invested enterprise has moved and settled in Ganzhou Jingkai District and has substantial business activities, and has not moved out of Ganzhou Jingkai District during the subsistence period of the sub-fund;
5. Other funds managed by the sub-fund manager are invested in the enterprises in items 1, 2, 3, and 4 mentioned above;
6. Other cases that are deemed to have been invested in Ganzhou Jingkai District as determined by the Council of the Industrial Guiding Fund.
If more than one sub-fund under the mother fund of industry guidance invests in the same project, the amount of investment will be shared according to the actual proportion of each sub-fund invested in the project. If the invested enterprises (including their subsidiaries set up in Ganzhou Economic and Technological Development Zone) move out of Ganzhou Economic and Technological Development Zone or withdraw their investment during the term of the fund, the relevant investment return shall not be recognized. Reinvestment related matters shall be specified in the fund agreement. The sub-fund manager shall be responsible for providing the relevant supporting information required for the recognition of the return investment.
Article 23 Term of the Sub-Fund and Management Fee
The term of the sub-fund shall not exceed 7 years in principle, and it may apply for extension, but the maximum term shall not exceed 10 years. The management fee of the sub-fund shall not exceed 2%/year of the paid-in amount of the sub-fund and shall be specified in the fund agreement.
Article 24 Exit and Liquidation of Subfunds
(1) The subfunds shall mainly exit by IPO and M&A, taking into account the exit by way of repurchase by the project parties or the original shareholders, listing on the New Third Board, and transfer of equity.
(ii) Upon termination of the sub-fund, the fund shall be liquidated in accordance with the provisions of the Partnership Agreement.
When the sub-fund is liquidated, if there are some projects that cannot be exited and expose the sub-fund to non-cash distribution, it shall be regarded as a material risk matter to be managed.
Chapter X Incentive and Restraint Mechanism
Article 25 In order to better fulfill the guiding role of the industry-led fund, the industry-led mother fund may make appropriate concessions. Industry-guided mother fund funded sub-funds invested in Ganzhou Economic and Technological Development Zone ratio of 2 times, 2.5 times and 3 times more than the industry-guided mother fund can be part of the sub-fund contribution to the sub-fund managers or social contributors to the excess earnings, corresponding to the proportion of concessions were 20%, 40%, 60%. The amount of the return of investment and concessions in the liquidation of the sub-fund by a third-party intermediary organization to confirm the procedures for payment.
Article 26 The District Finance Bureau is responsible for the development of industrial guiding fund performance evaluation management methods. The District State-owned Assets Office shall be responsible for guiding the managers of the industry-guided mother fund to develop a market-oriented remuneration system.
Chapter XI Risk Supervision and Liability Waiver
Article 27 The partnership agreement or articles of association of the sub-fund shall lock the key personnel of the investment decision-making, and any change of the locked personnel shall be voted by the general meeting of the partners or by the shareholders' meeting and other authorities.
Article 28 If the sub-fund adopts installment contribution, the industry-guiding mother fund shall make installment contribution in the same proportion with other contributors according to the amount of contribution, and the time of contribution of the industry-guiding mother fund shall not be earlier than that of other contributors, except for state-owned contributors such as national guiding funds, provincial guiding funds and municipal guiding funds.
Article 29 The sub-funds shall not engage in the following businesses:
1. engaging in guarantee, mortgage, entrusted loan and other businesses other than financial guarantee;
2. investing in publicly traded stocks (except for participation in the shares of listed companies in directional issuance, agreement to be transferred, block trading, merger and acquisition, reorganization, and privatization, etc.), futures, real estate, securities investment funds, enterprise rating below AAA. Funds, corporate bonds rated below AAA, trust products, non-principal-protected wealth management products, insurance plans, and other financial derivatives;
3. Sponsorships and donations to any third party (except for public welfare donations voted on or approved by the general meeting of the partners or shareholders or other authorities);
4. Deposit taking or disguised deposit taking, or providing loans and funds to third parties Borrowing and lending (except convertible bonds for the purpose of equity investment, but shall not be engaged in explicit shares and real debt);
5. Foreign investment with unlimited joint and several liability;
6. Issuance of trust or pooled wealth management products to raise funds;
7. Other businesses prohibited by national laws and regulations.
Article 30 The industry-guided mother fund may, in accordance with the actual operation of the sub-fund, take such means as stopping subsequent contributions, transferring the equity partnership (share) or reducing the capital to withdraw from the fund ahead of time, and the withdrawal procedure shall be in accordance with relevant laws and regulations and ensure the safety of the funds. If the sub-fund directly funded by the industry-led mother fund has one of the following situations, the industry-led mother fund can choose to withdraw early without the consent of other contributors:
1. Failure to invest according to the partnership agreement or articles of association and failure to effectively rectify;
2. After the signing of the partnership agreement of the sub-fund, other than the industry-led mother fund of the other contributors have not been paid in the first capital in place more than half a year If the sub-fund fails to carry out investment business for more than one year after the contribution from the industry-led mother fund is allocated to the account of the sub-fund;
4. If the investment project is not in line with the policy guidance stipulated in the Measures;
5. If the operation is in violation of laws and regulations and is investigated and dealt with in accordance with the law;
6. If there is a substantial change in the sub-fund manager (including, but not limited to, the following) Substantial changes in the sub-fund manager (including but not limited to changes in controlling shareholders, actual controllers and core team members, etc.) without the approval of the General Meeting of Partners.
The content of the preceding paragraph shall be specified in the relevant agreement in accordance with the law.
Article 31 The investment and decision-making committee members (if any) appointed by the Industrial Guidance Parent Fund to the sub-funds shall fulfill their voting rights in accordance with the provisions of the authority. If any major risk matters are found, it shall promptly report to the board of directors of the industry-led fund and fulfill its voting right in accordance with the law.
Article 32 The industrial guiding fund shall be entrusted to a custodian organization with custodianship qualification, and the custodian organization shall be determined by the fund manager. The custodian organization shall, in accordance with the custodian agreement, be responsible for the day-to-day work such as asset custody, fund disbursement and settlement, and carry out dynamic supervision of the investment activities.
Article 33 If a fund management company under a district-owned state-owned enterprise acts as a sub-fund manager, it shall submit a "Fund Operation Report" to the district-owned state-owned enterprise every quarter to report on the operation of the fund, assets and liabilities, investment gains and losses, and other circumstances that may affect the investment and rights and interests, and shall submit the "Annual Operation Report of the Fund" and the "Annual Accounting Report of the Fund" audited by a certified public accountant, within four months after the end of each fiscal year. accountant's audit of the Annual Accounting Report of the Fund. Other sub-fund managers submit the foregoing reports to the Industry Guidance Parent Fund on a quarterly basis. As needed, the sub-fund managers shall also provide interim reports upon the request of the district state-owned enterprises or the industry-guided mother fund. The manager of the industry-guided mother fund shall report the operation of the industry-guided fund to the District Fund Office annually.
Article 34 The manager of the industry-guided mother fund shall strengthen the management of the industry-guided mother fund and the supervision of the sub-funds in accordance with the relevant provisions of these Measures, and standardize the fund-raising, establishment, investment and withdrawal of the industry-guided mother fund and sub-funds. The industry-guided mother fund shall fulfill its responsibilities as a contributor in strict accordance with the partnership agreement, and shall terminate its cooperation with the sub-fund manager in accordance with the agreement when the sub-fund has committed major violations of laws and regulations and breached the agreement.
Article 35 After the establishment of the industrial guidance mother fund and sub-funds, the fund manager shall, in accordance with the relevant provisions of the China Securities Investment Funds Association, promptly go through the procedures of fund filing.
Article 36 The audit department of the district is responsible for the audit work related to the industrial guidance fund.
Article 37 of the fraudulent fraudulent industrial guidance fund investment, or not in accordance with the provisions of the purpose of the use, retention and misappropriation, squandering and wasting of industrial guidance fund and other violations, in accordance with relevant state laws and regulations to pursue the responsibility of the relevant personnel.
Article 38 The establishment and operation of the mother fund and sub-funds of industrial guidance follow the relevant national laws and regulations and rules and systems, decision-making and implementation in accordance with the prescribed procedures, performance of duties in place, due to the major national policy adjustments, force majeure or unforeseeable and other objective factors leading to the failure to achieve the expected goals, resulting in risk or normal investment losses, should be applied to the Ganzhou City, promote the officers of entrepreneurship and implementation of fault reduction and exemption of responsibility. (Trial)" (Gan City Office [2016] No. 21) and other spirit, to be tolerant of fault reduction and exemption from responsibility. Specific fault reduction and exemption implementation rules are developed separately.
Chapter XII Supplementary Provisions
Article 39 These Measures shall come into force on October 31, 2024. The original "Ganzhou Economic and Technological Development Zone Major Projects Industry Fund Management Measures" (Gan Jing Kai Zheng Zi [2021] No. 5) shall be repealed, and the provisions of these Measures shall prevail in case of conflict between other funds in the area and these Measures.
Article 40 These Measures shall be interpreted by the Office of the Council of Industrial Guiding Fund.
Attachment: Ganzhou Jingkai District Industry Guidance Fund Cooperation Institution Selection Guide (Trial)
Attachment
Ganzhou Jingkai District Industry Guidance Fund Cooperation Institution Selection
Guidelines (Trial)
Ganzhou Jingkai District Industry Guidance Fund ("Industry Guidance Fund") shall be referred to as the "Industry Guidance Fund". The Industrial Guidance Fund (hereinafter referred to as the "Industrial Guidance Fund") adopts the mode of "mother fund + sub-fund + follow-on investment". In order to standardize the selection of sub-fund cooperation institutions, this selection guide is formulated.
I. Reporting Conditions
(I) Reporting Conditions for Cooperating Institutions
1. The cooperating institutions shall be registered in the People's Republic of China, with paid-in capital of not less than RMB 10 million in principle, and have fixed business premises and operating facilities that meet the requirements of market supervision and management authorities and the conditions of business facilities that match their business.
2. The cooperative institution shall have:
(1) good fund-raising ability;
(2) legal and compliant fund-raising channels and methods;
(3) funds managed by the cooperative institution or its key senior managers with a paid-in scale of not less than RMB 100 million;
(4) sound equity investment management and risk control capabilities;
(5) a good understanding of the market conditions and the requirements of the market supervision and management authorities. control capability;
(5) standardized project selection mechanism and investment decision-making mechanism;
(6) the ability to provide investee companies with empowering services such as coaching, management and consulting.
3. There are no less than three full-time staff members with experience in equity investment or fund management in the partner organization, and no less than two successful cases of equity project investment in the partner organization or its key senior managers.
4. The cooperating organization and its staff have no bad record of being penalized by administrative authorities or judicial organs.
5. They are registered with the China Securities Investment Funds Association in accordance with the regulations, and their management teams are stable, professional and have good professional ethics and reputation.
6. Priority will be given to the participation of nationally renowned organizations or state-level funds; or project reserves that can be landed (invested) in Ganzhou Jingkai District and are in line with the direction of the key industries in Ganzhou Jingkai District; or project reserves that have a significant impact on the key industries in Ganzhou Jingkai District and play a leading role in nurturing the leading role, replenishing the chain, building platforms, ensuring the effectiveness of elements, and strengthening the effectiveness of the clusters.
(2) Establishment of sub-fund reporting conditions
1. For sub-funds set up by the industry-guided mother fund, in principle, the industry-guided mother fund contributes no more than 40%. Meet the relevant requirements for the establishment of sub-funds, the relevant contribution conditions related to the implementation of the approach. The remaining part of the contribution by the cooperative institutions to market-oriented way to raise.
2. During the subsistence period of the sub-fund, the amount of its return investment in Ganzhou Economic and Technological Development Zone shall not be less than 80% of the paid-in contribution of the industry-guided mother fund (return investment ratio). The following cases are considered as investments in Ganzhou Economic Development Zone:
(1) investing in enterprises registered in Ganzhou Economic Development Zone;
(2) investing in enterprises in Ganzhou Economic Development Zone by way of equity investment by invested enterprises outside the zone;
(3) investing in subsidiaries of invested enterprises outside the zone which are mainly responsible for R&D in Ganzhou Economic Development Zone;
(4) relocating and settling down in Ganzhou Economic Development Zone by invested enterprises outside the zone;
(5) investing in a subsidiary of an invested enterprise outside Ganzhou Economic Development Zone. The invested out-of-area enterprises have relocated and settled in Ganzhou Economic Development Zone and have substantial business activities, and have not relocated out of Ganzhou Economic Development Zone during the subsistence period of the sub-fund;
(5) other funds managed by the sub-fund manager are invested in the enterprises in items 1, 2, 3, and 4 mentioned in the preceding paragraphs;
(6) other cases deemed to be invested in Ganzhou Economic Development Zone as determined by the Council of the Industrial Guiding Fund.
If more than one sub-fund under the mother fund of industry guidance invests in the same project, the amount of investment will be apportioned and accounted for according to the actual proportion of each sub-fund invested in the project. If the invested enterprises (including their subsidiaries set up in Ganzhou Economic and Technological Development Zone) move out of Ganzhou Economic and Technological Development Zone or withdraw their investment during the term of the fund, the relevant investment return shall not be recognized. Reinvestment related matters shall be specified in the fund agreement. The sub-fund manager shall be responsible for providing the relevant supporting information required for the recognition of reinvestment.
3. The sub-fund should have a clear intention of investors, the capital of each contributor should be synchronized in principle.
4. The sub-fund shall have a certain number of reserve projects in Ganzhou Economic Development Zone, and the projects invested by the sub-fund shall belong to new energy and new energy automobiles, electronic information, rare earth tungsten and lithium high-end applications, new materials, high-end equipments, deep processing of foodstuffs, energy conservation and environmental protection, and other key industrial fields of development in Ganzhou Economic Development Zone.
5. In principle, the duration of the sub-fund shall not exceed 7 years, and the sub-fund can apply for extension at the end of the period, but the longest duration shall not exceed 10 years.
6. The sub-fund should fully disclose the reserve projects and invested project information to the industry-guided mother fund during the survival period, and the sub-fund management organization should actively assist in facilitating the cooperation for the projects that the industry-guided mother fund would like to further support. Both parties shall jointly promote the development of projects and industrial interaction with Ganzhou Economic Development Zone.
Two, the selection process
The selection process of the cooperative institutions is as follows:
(a) Institutional solicitation. To solicit cooperation institutions for the society, the invitation can be issued by the manager of the industry-guided mother fund to the qualified institutions, or the institutions can take the initiative to enroll.
(2) Institutional declaration. The fund management organization to be cooperated submits the declaration materials.
(iii) Project establishment. The materials submitted by the proposed cooperative fund management organization are considered and a decision is made whether or not to establish the project.
(D) due diligence. Conduct due diligence on the proposed cooperative fund management organization.
(v) Investment decision. Decision-making in accordance with the procedures of the Investment and Decision-making Committee and relevant decision-making bodies to determine the cooperation program.
(F) Social publicity. The considered and approved cooperative fund management organization shall be publicized on the official website of Ganzhou Economic and Technological Development Zone Government, and the publicity period shall be 3 days.
(VII) Implementation Program. Relevant contracts shall be signed with the cooperative fund management organization to clarify the rights and obligations of the cooperative parties.
Third, suspend the declaration or cooperation qualification
If the following matters occur in the process of selection of cooperative institutions or investment management of sub-funds, the mother fund of industrial guidance has the right to choose to withdraw early without the consent of other contributors, and cancel the declaration of the cooperative institutions or the qualification of the cooperation that has been achieved:
(a) False declarations;
(b) Sub-fund partnership agreement. fund partnership agreement is signed, the first installment of the capital of the contributors other than the industry-guided mother fund is not paid in for more than half a year;
(iii) the partnership agreement with the cooperating institution is signed for more than 12 months, and the institution has not yet completed the filing of the sub-fund with the China Association of Securities Investment Funds in accordance with the requirements;
(iv) there is an illegal fund-raising in the sub-fund, which is in serious contradiction with the articles of association of the sub-fund or partnership agreement;
(v) there is a serious contradiction with the articles of association of the sub-fund; and Agreement;
(v) the sub-fund has not carried out investment business for more than one year after the contribution of the industrial guidance mother fund is allocated to the account of the sub-fund;
(vi) the sub-fund has not invested in accordance with the partnership agreement or the articles of association and fails to rectify the situation effectively;
(vii) the investment project is not in line with the "Management Measures of Industrial Guidance Fund of Ganzhou Economic and Technological Development Zone (for Trial Implementation)". Policy orientation;
(viii) the operation of illegal and illicit behavior and is investigated and dealt with according to law;
(ix) the emergence of major risk matters are not reported in a timely manner in accordance with the provisions of the report;
(x) the partner organization has substantial changes (including but not limited to changes in controlling shareholders, de facto controllers, and members of the core team, etc.) and has not been passed by the general meeting of partners;
( (K) laws, regulations, national policies and fund contracts agreed upon by the industry-led mother fund can be withdrawn.
Four, reporting requirements
(a) Submitted by the Ganzhou Economic and Technological Development Zone Industrial Guiding Fund sub-fund manager reporting materials, including application forms, sub-fund manager introduction, sub-fund cooperation programs.
(2) Submit the supporting materials related to the declaration materials, including the company system, audit report, fund management and investment performance certification materials.
(c) Other materials that the industry-led mother fund deems necessary to submit.
