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Which banks are fund custodians? What conditions need to be met?
Qualification of Gold Custodian According to the Fund Measures, commercial banks shall be entrusted as custodians for approved funds. The main conditions are as follows: 1. Set up a special fund custody department; 2. The paid-in capital is not less than 8 billion yuan; 3. There are enough full-time personnel familiar with the custody business; 4. Have the conditions for safe custody of all assets of the fund; 5. Have safe and efficient clearing and delivery capabilities.