Long-term equity investment refers to the equity investment controlled by the investment enterprise and having a significant impact on the invested entity, as well as the equity investment in its joint venture. In addition, other equity investments are not accounted for as long-term equity investments.

Funds have broad and narrow definitions. A fund in a broad sense refers to a certain amount of funds set up for a certain purpose. Such as trust and investment funds, provident funds, insurance funds, retirement funds and various foundations. People usually refer to funds mainly as securities investment funds.