Who are the participants in the open-end fund? The parties of open-end funds mainly include: fund investors, fund managers, fund custodians and intermediary service agencies such as fund sales agencies, registration agencies, certified public accountants and lawyers.

(1) Fund investors

Fund investors are fund investors, fund asset owners and beneficiaries of fund investment income. In corporate funds, fund investors are shareholders of Tomb Gold Company. The articles of association of corporate funds and the fund contract of contractual funds clearly stipulate the rights and obligations of fund investors.

(2) Fund managers

Due to the diversity of fund markets, the names of fund managers' investments and operations in different markets are also different. For example, American investment consulting companies or asset management companies, Japanese securities investment trust companies, investment trust companies, investment consulting companies and Taiwan Province securities investment trust companies are all called fund management companies in China.

(3) Fund custodian

In the operation mode of corporate fund, the custodian is a professional service organization hired by the board of directors of the fund company; In some corporate fund operation modes, the board of directors of fund companies often find professional service agencies as custodians. In the contractual fund operation mode, the custodian is usually the nominal holder of the fund.

(4) Fund institutions

With the continuous expansion of the fund market, the specialized division of labor within the fund industry is also deepening. In addition to direct sales by fund managers, fund sales can also be completed through some consignment agencies. These independent sales organizations provide sales services for fund managers and charge certain sales commissions and service fees.

(5) Registered agency.

The registration institution is responsible for the management and service of investors' accounts, and for specific investor services such as fund share registration and dividend distribution. Registered institutions are usually held by fund managers or commercial banks or other institutions entrusted by them.

(6) Certified public accountants and lawyers

As professional and independent intermediary service institutions, certified public accountants and lawyers provide professional and independent accounting and legal services for the Fund. Such as providing audit reports for the annual report of the CPA fund.