Fund share holders, namely fund investors, are the funders, the owners of fund assets and the beneficiaries of fund investment returns.
The fund manager is in the core position in the fund operation, and its main responsibility is to be responsible for the investment operation of fund assets in accordance with the provisions of the fund contract, and strive for the maximum investment income for fund investors on the basis of effectively controlling risks. In China, fund managers are generally held by legally established fund management companies, and securities companies, asset management subsidiaries of securities companies, insurance asset management companies and other institutions that have obtained Public Offering of Fund management qualifications can also serve as fund managers.
Fund custodian, according to the law, fund assets must be kept by a custodian independent of the manager. The duties of the custodian are mainly embodied in the custody of fund assets, fund settlement, accounting review and supervision of fund investment operation. In China, the custodian can only be a legally established commercial bank or other financial institution with fund custody qualification.
Other service agencies mainly include fund sales agencies, sales payment agencies, share registration agencies, valuation accounting agencies, investment consulting agencies, evaluation agencies, information technology system service agencies, law firms, accounting firms, etc.