The fund sponsor refers to the institution that initiates the establishment of the fund and plays an important role in the establishment process of the fund.

Most sponsors of foreign funds are powerful financial institutions, which can be one or more.

In my country, according to the provisions of the "Interim Measures for the Administration of Securities Investment Funds".

The main sponsors of the fund are securities companies, trust investment companies and fund management companies established in accordance with relevant national regulations. The number of fund sponsors is more than two.

According to the "Interim Measures for the Administration of Securities Investment Funds" and relevant regulations of the China Securities Regulatory Commission, the main responsibilities of fund sponsors include.

<1) Formulate relevant legal documents and submit an application for the establishment of a fund to the competent authority to prepare for the establishment of the fund.

① The fund sponsor must conduct research and analysis on the country’s economic and financial policies, market conditions, public investment psychology, etc., and on this basis, plan the fund to be established, such as determining the main investment direction of the fund, the type of fund, and the purpose of the fund.

Duration and fundraising scale of the fund, etc.

② The fund sponsor must sign a fund contract with the fund manager and fund custodian on behalf of the fund holders to stipulate the rights and obligations of all parties to the fund.

At the same time, the fund sponsor also needs to prepare other relevant documents required by the management agency, such as prospectuses.

③ Determine the issuance plan and select a sales agency.

④ Submit an application for establishment to the competent authority and submit relevant documents required by the competent authority.

⑤After the establishment application is approved, an announcement will be made.

(2) Subscribe or hold a certain number of fund units.

Fund sponsors must subscribe for a certain number of fund units when raising funds and maintain a certain holding ratio during the fund's duration, so that the interests of the fund sponsors and fund holders are integrated and the fund sponsors are guaranteed to maintain

The legitimate rights and interests of investors shall serve as its code of conduct and shall not engage in activities that are detrimental to the interests of investors in order to effectively protect the interests of investors.

(3) When the fund cannot be established, the fund sponsor must bear the fund raising expenses and return the raised funds plus bank demand deposit interest to the fund subscribers within the specified time.

Since fund sponsors have a significant impact on the establishment of the fund, some countries and regions have stricter requirements on the conditions that sponsors should meet.

my country's "Interim Measures for the Administration of Securities Investment Funds" stipulates that fund sponsors must meet the following conditions: the main sponsor is a securities company, trust investment company and fund management company established in accordance with relevant national regulations; the fund sponsor must have strong capital strength, The paid-in capital of each sponsor is not less than RMB 300 million; the main sponsor of the fund has more than 3 years of experience in securities investment and a record of continuous profitability; the fund sponsor has a sound organizational structure and management system, and the financial status Good, business code of conduct, etc.