Different investment fund management companies entrust different custodian banks.
Fund custody is mainly to supervise the fund manager's fund operation mode and protect the rights and interests of investors. Simply put, it is to manage the money, where and how the money is used, whether it is up to standard, whether it is earned or lost, and also to keep accounts, so the custodian must be a commercial bank. This is stipulated in the securities law and must be a commercial bank.