According to the Notice on Enterprise Income Tax Policy on Administrative Charges of Fiscal Funds (Cai Shui [2008] 15 1), the fiscal funds mentioned in this paper refer to financial subsidies, subsidies, loan interest subsidies and other special financial funds obtained by enterprises from the government and its relevant departments, including direct reduction or exemption of value-added tax, refund on demand, and return after collection. State investment refers to the direct investment made by the state as an investor in an enterprise, and the paid-in capital (share capital) of the enterprise is correspondingly increased according to relevant regulations.