Economic content and role of mutual funds as a tool for long-term financing of enterprises (experience of China and Russia)

The article clarifies the economic content of mutual investment funds, and also takes into account its qualitative characteristics, such as trust management, collective investment, financial capital, etc. Mutual funds are a long-term financial financing mechanism that ensures the sustainable development of enterprises. The author presents various versions of the definition of mutual investment funds, including Russian legislation, textbooks on investment funds and open video courses, etc. According to its economic characteristics, the author gives his new definition. And he clarified the economic content of the mutual fund. After reviewing the experience of China and Russia, the author shows the correspondence between the types of mutual funds and methods of corporate financing and proves that mutual funds are effective instruments for long-term corporations operating in the securities market. The author proposed the concept of mutual funds as a tool for long-term financing of enterprises.