The supervision of funds by China Securities Regulatory Commission and various exchanges are two main ways of fund supervision in China. The CSRC's supervision over funds includes: approving fund management companies, fund custodians and fund raising applications, and conducting daily supervision and special supervision over existing funds and companies. At present, the fund industry is still a new thing, and it is in the process of transition to market economy and international practice. The fund industry also manages the public's money, so it is based on the times and national conditions to implement the examination and approval system for entering the fund industry for a period of time. With the maturity of the market, fund industry and investors in the future, the fund industry will become a truly free competition industry. In addition, because equity funds invest in risky stocks on a large scale, they may suffer losses if they are not careful in operation. Therefore, in order to avoid the risks caused by other factors besides price fluctuation, it is necessary to strictly supervise and manage the relevant aspects involved in fund operation. The supervision of the exchange on the fund is mainly the management of the fund as a member of the exchange and its trading activities. ?

As the main place for fund investment is the exchange, front-line supervision of the fund from the exchange level is conducive to finding and handling relevant problems in time. Fund is a special member of the exchange, and its seats are specialized. The exchange can monitor its investment activities in real time by using modern computer technology. When the operation of the fund involves the money market, its behavior is also subject to supervision from the People's Bank of China. As an industry self-regulatory organization, China Securities Association also plays a certain role in fund supervision.

on the one hand, it makes rules and tries to solve some problems that the market itself can adjust.

On the other hand, it cooperates with the CSRC and other parties to supervise the fund industry and provides relevant information. It will also provide research and research help for the regulatory authorities to formulate regulatory systems. Therefore, all the operations of the fund are closely monitored throughout the process. The interests of investors will be better and better protected.