A fund management company refers to a company established in accordance with relevant laws and regulations to manage fund operation activities such as fund raising, fund share subscription and redemption, fund property investment and income distribution.

The legal raising of securities investment funds shall be undertaken by the fund manager. The fund manager shall be a legally established fund management company. As a fund manager, it shall be approved by the the State Council Securities Regulatory Authority.

According to the way of establishment, there are closed-end funds and open-end funds; There are contract funds and corporate funds; According to the investment objects, there are stock funds, money market funds, option funds and real estate funds.