Legal analysis: the fund supervision institution is an integral part of the securities supervision institution. It was established by the government to protect the interests of fund investors, standardize fund trading and operation, maintain the order of fund market and promote the healthy development of fund market. They strictly supervise and manage fund activities. Fund regulators have the right to examine and approve funds according to law, put the established funds on record, supervise and manage the listing of fund managers, fund custodians and other relevant intermediaries, and investigate and deal with violations of laws and regulations. China's fund regulators are mainly the China Securities Regulatory Commission, the People's Bank of China, the stock exchange and the Securities Industry Association.

Legal basis: Article 7 of the Securities Law of People's Republic of China (PRC). The State Council Securities Regulatory Authority shall exercise centralized and unified supervision and management over the national securities market according to law. The State Council securities regulatory authority may set up representative offices as required to perform supervision and management duties as authorized.