Requirements for dedicated fund management

November 07, 2019

Dedicated fund management are required:

1. All special funds must be deposited in accordance with the regulations of the state.

2. The principle of “special funds, pre-existing and then using” should be implemented and used according to the prescribed purposes.

3. For some special funds, such as fixed capital renewal funds, overhaul funds and production development funds in profit retention, they can be combined for enterprise technological transformation.

4. For the use of special funds, we should ensure the focus, take into account the general, prioritize, solve key problems of the enterprise, and strive to achieve economic benefits in a relatively short period of time. 5. For each special fund, a branch-level management responsibility system should be implemented, and the relevant departments and staff should be managed to use the fund.

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