The fund custodian in China is a commercial bank approved by the China Securities Regulatory Commission. According to the Securities Investment Fund Law and relevant laws and regulations, the fund custodian is an independent legal person of the fund and is responsible for the custody, liquidation and delivery of the fund assets. The fund custodian must be a commercial bank approved by the China Securities Regulatory Commission, and meet certain requirements of capital strength and professional ability, so as to ensure its ability to properly keep and manage the fund assets.