The funds we are talking about now usually refer to securities investment funds. Funds have broad and narrow definitions. Fund in a broad sense is the general name of institutional investors, including trust and investment funds, unit trust funds, provident funds, insurance funds, retirement funds and funds of various foundations. Funds in the existing securities market, including closed-end funds and open-end funds, have the characteristics of income function and value-added potential. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. Because the investors of government agencies and institutions do not require investment returns and investment recovery, but require funds to be used for designated purposes in accordance with the law or the wishes of the investors, funds are formed.

Foreign exchange has both dynamic and static meanings. Foreign exchange is short for international exchange. The concept of foreign exchange can be divided into static and dynamic. Dynamic foreign exchange refers to the financial activity of converting one country's currency into another country's currency to pay off international debts. In this sense, dynamic foreign exchange and international settlement are the same. Static foreign exchange can be divided into broad sense and narrow sense. Foreign exchange in a broad sense refers to foreign exchange mentioned in foreign exchange management regulations. It refers to all external financial assets. Article 3 of China's current Regulations on the Administration of Foreign Exchange in People's Republic of China (PRC) stipulates that foreign exchange refers to the means of payment and assets expressed in foreign currency that can be used for international settlement. Foreign exchange in a narrow sense refers to the means of payment expressed in foreign currency for international settlement.

Stock is a stock issued by a joint stock limited company to investors when raising capital. Stock represents the ownership of its holder (that is, shareholder) to a joint-stock company. This kind of ownership is a comprehensive right, such as attending the shareholders' meeting, voting, and participating in major decisions of the company. Receive dividends or share dividends, etc. Each stock in the same category represents the equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company. Generally, stocks can be traded and transferred with compensation, and shareholders can recover their investment through stock transfer, but they cannot ask the company to return their investment. The relationship between shareholders and the company is not a creditor-debtor relationship. Shareholders are the owners of the company, and they shall bear limited responsibilities, risks and profits to the extent of their capital contribution. As the fruits of human civilization, joint-stock system and stock are equally applicable to China's socialist market economy. Enterprises can raise funds for production and operation by issuing shares to the public. By controlling majority ownership, the state can control more resources with the same funds. Currently in Shanghai. Most companies listed on Shenzhen Stock Exchange are state-owned holding companies.

"You know everything. You can say anything. The reputation of a hundred people is not encrypted. Hundreds of people are not rare. " —— Zhuge Tingdong