The parent fund can establish multi-layer sub-fund business. The so-called sub-fund refers to the fund products initiated by the parent fund and managed by the sub-fund manager. On the basis of the parent fund, one or more sub-funds can be established. Each sub-fund can have its own investment strategy, asset allocation model and operation model to meet the different needs and risk preferences of investors.

Furthermore, sub-funds can set up different types of funds according to different investment objects, such as stock funds, bond funds and hybrid funds. Different sub-funds can be established according to market demand and investor preference to achieve better asset allocation and risk diversification.

To sum up, the parent fund can set up multi-layer sub-fund business, and each sub-fund can have different investment strategies and risk preferences to meet the different needs of investors.