Fund custodian: an institution that supervises fund managers and keeps fund assets according to the principle of "separation of custody and maintenance", which is usually held by a commercial bank with custody qualification in China.

Fund manager: A fund manager refers to an institution responsible for managing and operating fund assets, and the manager of a securities investment fund is a fund management company.

Fund investors are fund units or holders of beneficiary certificates, so investors are beneficiaries, clients and holders.

Fund holders can be natural persons or legal persons. The rights of fund holders include: the right to repay the principal, the right to distribute the income, the right to distribute the remaining property and the right to vote at the holders' meeting.

Extended data:

Article 12 of the Measures for the Administration of Fund Companies stipulates that:

The fund manager shall be a legally established fund management company.

As a fund manager, it shall be approved by the the State Council Securities Regulatory Authority.

Article 13 of the Measures for the Administration of Fund Companies stipulates that:

The establishment of a fund management company shall meet the following conditions and be approved by the the State Council Securities Regulatory Authority:

(1) Having articles of association that conform to this Law and the Company Law of People's Republic of China (PRC);

(2) The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital;

(3) The major shareholder has good business performance and social reputation in securities business, securities investment consulting, trust asset management or other financial asset management, has no illegal record in the last three years, and has a registered capital of not less than 300 million yuan;

(four) the number of personnel who have obtained the qualification for fund practice has reached a quorum;

(5) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements;

(6) Having a sound internal audit monitoring system and risk control system;

(seven) other conditions stipulated by laws, administrative regulations and the State Council securities regulatory agency approved by the State Council.

Baidu Encyclopedia-Measures for the Administration of Fund Companies