The fund custodian shall be a legally established commercial bank or other financial institution. The People's Republic of China (PRC) Securities Investment Fund Law stipulates that the fund custodian and fund manager shall not be the same institution, and shall not contribute to each other or hold shares. Where the duties of the fund custodian are terminated, the fund share holders' meeting shall select a new fund custodian within six months. The fund custodian shall be a legally established commercial bank or other financial institution. Where a commercial bank acts as a fund custodian, it shall be approved by the China Securities Regulatory Commission in conjunction with the China Banking Regulatory Commission; Other financial institutions acting as fund custodians shall be approved by the China Securities Regulatory Commission. It is the responsibility of the fund manager to calculate and publish the net asset value of the fund and determine the purchase and redemption price of the fund share.