The contents of fund custody business include keeping the fund property, handling liquidation and delivery, reviewing the net asset value, supervising investment, and convening the fund share holders' meeting according to the provisions of laws and regulations and the fund contract.

According to the Measures for the Administration of Custody of Securities Investment Funds (2020), commercial banks and other financial institutions engaged in fund custody business shall be approved by the China Securities Regulatory Commission and have obtained the qualification of fund custody according to law. Institutions that have not obtained the qualification for fund custody shall not engage in fund custody business.

The China Securities Regulatory Commission and the China Banking Regulatory Commission shall, in accordance with laws and regulations and the principle of prudent supervision, supervise and manage fund custodians and their fund custody business activities.