The fund is managed and operated by the fund manager. The main process is:

First, investors' funds are pooled into funds;

Secondly, the fund entrusts a professional investment manager-fund manager to carry out investment management; This is, investors, fund managers,

The fund custodian establishes a trust agreement through the fund contract, and establishes the investor's capital contribution (and enjoys the benefits and risks) and fund management.

People are entrusted with financial management, and the fund manager and fund custodian establish the responsibilities and rights of both parties through the custody agreement;

Finally, the fund manager distributes the investment income to investors through professional investment and financial management.

In China, the fund custodian must be a qualified commercial bank and the fund manager must be a professional fund manager.

Fund investors enjoy fund income and bear the risk of loss.