Yes, public fund custody means that a commercial bank accepts the entrustment of the fund manager to keep the fund assets and supervise the daily investment operations of the fund manager. The fund custodian independently opens a fund asset account, conducts liquidation and delivery according to the instructions of the manager, and keeps the fund assets.

, supervise the fund within a certain range and charge a certain custody fee.

Public funds are held in banking institutions, while private funds are held in trust institutions.