Fund custody is a commercial bank or other financial institution that is established in accordance with the law and has obtained fund custody qualifications as the custodian. In accordance with the provisions of laws and regulations and the provisions of the fund contract, it performs the safe custody of fund assets, handles liquidation and delivery, reviews and examines net worth information, and

Carry out investment supervision, convene fund unit holders’ meetings and other responsibilities.

The institution responsible for fund custody is called the "fund custodian" and is one of the parties involved in the fund operation.

According to the provisions of the Securities Investment Fund Law, the fund custodian shall be a commercial bank or other financial institution established in accordance with the law.

Among them, if a commercial bank serves as a fund custodian, it needs to be approved by the Securities Regulatory Authority of the State Council in conjunction with the Banking Regulatory Authority of the State Council.

If other financial institutions serve as fund custodians, they shall be subject to approval by the securities regulatory authority of the State Council.