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What is the fund sales settlement fund supervision institution?
The fund sales settlement fund supervision institution is a commercial bank or China Securities Depository and Clearing Co., Ltd., which is responsible for supervising the process of fund sales related institutions opening and using sales accounts and transferring fund sales settlement funds in the process of fund sales settlement funds circulation.

China Securities Depository and Clearing Co., Ltd. or a commercial bank that has obtained the qualification of fund sales business may serve as the fund sales and settlement supervision institution. Fund sales institutions, fund sales payment institutions, etc. A special account for fund sales settlement should be opened in the fund sales settlement fund supervision institution, and a supervision agreement should be signed with the fund sales settlement fund supervision institution to make an agreement on the nature of the account, the function of the account, the fund transfer process, the supervision method, the abnormal handling of the account and other matters. Unless otherwise provided by the China Securities Regulatory Commission, such provisions shall prevail.