the fund is directly under the direct supervision of the CSRC. The People's Bank of China, the stock exchange and the securities association have some co-management functions.

As for what you said, Bosera Fund is only a fund manager, who is responsible for the sale and operation of the fund, the daily maintenance of the fund, and the calculation of the net share value of the fund. Of course, the most important thing is the investment operation of the fund. Full name Bosera Fund Management Co., Ltd.