The fund management company is the lead operator of this kind of partnership investment, but it is a legal person and its qualifications must be approved by the China Securities Regulatory Commission.

The fund company, like other fund investors, is also one of the partner investors. On the other hand, because it takes the lead in the operation, it has to withdraw labor fees (called fund management fees) at a certain proportion from the assets jointly contributed by everyone every year to hire on behalf of the investors.

The investment experts (i.e., fund managers) who are responsible for trading on behalf of the managers, as well as those who help the experts collect information and conduct research, regularly announce the assets and income of the fund.

Of course, these activities of fund companies are approved by the China Securities Regulatory Commission.

In order to ensure the safety of the assets jointly invested by everyone and prevent them from being misappropriated secretly by the lead operator of the fund company, the China Securities Regulatory Commission stipulates that the assets of the fund cannot be placed in the hands of the fund company. The fund company and fund manager are only responsible for trading operations and cannot touch the money.

To take charge of bookkeeping and money management, you need to find someone who is good at it and has high credibility. Of course, this role belongs to a bank.

So these investments (that is, fund assets) are placed in the bank, and a special account is established, which is accounted for by the bank, which is called fund custody.

Of course, the bank's service fees (called fund custody fees) must also be paid annually in proportion to the assets of the partnership.

Therefore, relatively speaking, fund assets only have the risk of losses due to poor operations by those experts, and there is basically no risk of being stolen.

From a legal perspective, even if the fund management company goes bankrupt or even the custodian bank has an accident, the people collecting debts from them have no right to touch the assets of our fund accounts, so the safety of fund assets is very guaranteed.