上海：政府投资基金不得投资二级市场股票、期货、房地产等

Core Viewpoint - The Shanghai Municipal Government has issued the "Interim Measures for the Management of Government Investment Funds," outlining restrictions on the operations of government investment funds [1] Group 1: Operational Restrictions - Government investment funds are prohibited from engaging in activities such as providing guarantees, mortgages, entrusted loans, and other similar services, except for financing guarantees [1] - Investments in secondary market stocks (with exceptions for specific types of investments allowed by the China Securities Regulatory Commission), futures, real estate, securities investment funds, corporate bonds rated below AAA, trust products, non-principal-protected financial products, insurance plans, and other financial derivatives are not permitted [1] - The funds cannot provide sponsorships or donations to any third party, except for approved public welfare donations [1] Group 2: Financial Operations - Government investment funds are not allowed to absorb or indirectly absorb deposits, or provide loans and fund borrowing to third parties [1] - Investments that involve unlimited joint liability are prohibited [1] - The issuance of trust or collective financial products to raise funds is also banned [1]