Chapter I General Provisions Article 1 In order to standardize the financial behavior of state-owned investment companies and strengthen financial management, the Interim Provisions on Financial Management of State-owned Investment Companies (hereinafter referred to as the Provisions) are formulated in light of the characteristics and management requirements of state-owned investment companies. Article 2 State-owned investment companies mentioned in these Provisions (hereinafter referred to as companies) refer to state-owned policy investment institutions that are established with the approval of governments at all levels, act as investors of state-owned assets, are guided by national economic policies, operate independently, are responsible for their own profits and losses, and have no financial functions. Article 3 In addition to these provisions, the company's financial management shall be implemented with reference to the Financial System of Industrial Enterprises. Chapter II Fund Raising Article 4 The registered capital of a company is state capital, the total amount of which shall be determined or adjusted by the government at the corresponding level or the departments authorized by the government, and shall be fully held by the finance at the corresponding level. The registered capital of the company is solved through the following channels: 1, capital construction funds in the financial budget; 2, other approved by the government at the same level or government authorized departments to increase the funds. Article 5 A company must raise funds within the scope stipulated by the state, and report the annual major fund-raising plan and its implementation to the competent financial authority for the record. Chapter III Use of Funds Article 6 A company must use its funds and conduct business within the scope prescribed by the state. The operation modes of the fund are mainly equity participation, holding investment and entrusted loans. Equity holding investment refers to the economic behavior that a company invests in other enterprises or construction projects with legally disposable assets, thus owning its corresponding equity. Article 7 According to the relevant regulations of the state, a company cannot directly lend money abroad, but must entrust a financial institution to act as an agent, that is, entrust a loan. Entrusted loan refers to the economic activity that the company entrusts financial institutions to handle loan issuance and recovery business to enterprises or construction projects according to the needs of the development of national industrial policies. The company should establish and improve the loan delivery, project management and supervision system, strictly implement the interest rate stipulated by the state, and recover the loan principal and interest on schedule. Earnestly do a good job in loan project condition evaluation and financial evaluation, strengthen the tracking, supervision and management of entrusted loans, and ensure the safety of loans. Article 8 The principal of entrusted loans shall be priced according to the actual amount incurred, and the interest charged according to the interest rate and interest-bearing period stipulated by the state shall be included in the current profits and losses. Loans that have expired (including those due after extension) but have not been returned in the loan contract are regarded as overdue loans, in which the overdue (including those after extension) is less than 1 year, and the interest receivable is calculated by the company according to regulations and included in the current profits and losses; Loans overdue for more than 65,438+0 years and unpaid for more than 65,438+0 years are regarded as sluggish loans, and the interest receivable is no longer included in the current profit and loss, while the actually received interest is included in the current profit and loss. Article 9 The company entrusts financial institutions to handle the loan issuance and recovery business, and the entrusted loan fees paid shall be handled in accordance with relevant regulations and included in the current profits and losses. Article 10 The entrusted loan losses incurred by the company shall be written off from the investment risk reserve and bad debt reserve respectively according to the prescribed write-off conditions, methods and examination and approval authority. Investment risk reserve is limited to write off the principal of entrusted loan, and the interest receivable of entrusted loan is used to write off bad debt reserve. Article 11 A company that engages in guarantee business with the approval of the state may independently decide to carry out guarantee business, and the amount of guarantee shall be controlled within the registered capital of the company. A guarantee with a single debt exceeding USD 2.5 million or RMB 20 million shall be submitted to the competent financial authority for examination and approval. Guarantee income is priced according to the actual amount received and included in other operating income; Guarantee losses are included in other operating costs. Article 12 A company shall strictly control the purchase and construction of fixed assets. When submitting the annual financial plan, it should also submit the capital plan for the purchase and construction of office buildings, dormitories, vehicles and office automation communication equipment. Chapter IV Costs and Expenses Article 13 The expenses related to investment and business activities incurred by a company in its investment and business activities shall be included in the costs according to the regulations. Article 14 The company's costs and expenses include the following contents: (1) Interest expenses. Refers to all kinds of funds raised by the company in the form of liabilities for business activities, and the interest payable is extracted at the interest rate stipulated by the state. (2) Depreciation of fixed assets. Refers to the depreciation of fixed assets accrued by the company in accordance with state regulations. (3) Entrusted loan fee. Refers to the commission expenses incurred by the company in entrusting financial institutions to handle loan issuance and recovery business. (4) Business entertainment expenses. Refers to the business communication expenses paid by the company for the reasonable needs of business operation. Business entertainment expenses shall be used within 1% of annual operating income. (5) Business promotion expenses. Refers to the expenses paid by the company to carry out business promotion activities. The business promotion fee shall be used within 1% of the annual business income. (6) Various reserves. The Company's reserves include investment risk reserve and bad debt reserve. 1, investment risk reserve. In order to prevent investment risks, the company can withdraw investment risk reserve at 3‰ of the investment balance at the end of last year. When the year-end balance of investment risk reserve reaches 65,438+0% of the investment balance at the end of last year, the difference is withdrawn. If the company suffers investment losses, it can be written off with investment risk reserve; If the investment risk reserve is insufficient to make up for the investment loss, it shall be included in the current profit and loss. The Company recovers the confirmed and written-off investment losses and increases the investment risk reserve. Investment loss refers to the difference between the amount obtained after the investment is recovered at maturity and the book value. If the principal of loans overdue loan entrusted by the company exceeds 65,438+0 years (including 65,438+0 years), it shall be reported to the competent financial authority for approval and the investment risk reserve shall be written off. Recover the overdue loan principal that has been confirmed to be written off, and increase the investment risk reserve. 2. Bad debt provision. The company can draw bad debt reserve at 3‰ of the balance of accounts receivable at the end of the year, which can be used to write off the bad debt loss and overdue loan interest of the company's accounts receivable. The company's bad debt loss refers to the accounts receivable that cannot be recovered after the debtor goes bankrupt and pays off with its bankrupt property, or the accounts receivable that cannot be recovered because the debtor fails to fulfill its debt repayment obligations for more than 1 year. The overdue loan interest that cannot be recovered for more than 65,438+0 years among the entrusted loans incurred by the company shall be reported to the competent financial authority for approval and the bad debt reserve shall be written off. Recover the interest on overdue loans that have been confirmed for write-off and increase the provision for bad debts. The bad debt losses incurred by the company in the current year that have been included in the profit and loss, which exceed the bad debt reserve in the current year, shall be included in the current profit and loss after being reported to the competent financial authority for approval. (7) management fees. Refers to the expenses incurred by the administrative department of the company to carry out investment business and management activities. It mainly includes company funds, trade union funds, employee education fees, labor insurance premiums, unemployment insurance premiums, board members' fees, consulting fees, attorney fees, taxes, land use fees, technology transfer fees, amortization of start-up expenses, technology development fees, amortization of intangible assets, and foreign affairs fees.