A: China's Securities Investment Fund Law stipulates that the responsibilities of fund managers mainly include:

(1) Raise funds according to law, and handle or entrust other institutions recognized by China Securities Regulatory Commission to handle the sale, subscription, redemption and registration of fund shares;

(2) Handling fund filing procedures;

(3) Manage and keep accounts for different fund properties under management, and make securities investments;

(4) Determine the fund income distribution plan according to the agreement in the fund contract, and distribute the income to the fund share holders in time;

(five) to conduct fund accounting and prepare fund financial accounting reports;

(6) Preparing interim and annual fund reports;

(7) Calculate and publish the net asset value of the fund, and determine the subscription and redemption prices of the fund shares;

(8) Handling information disclosure matters related to fund property management business activities;

(9) Convening a general meeting of fund share holders;

(1 1) Exercise litigation rights or perform other legal acts on behalf of fund share holders in the name of the fund manager'

(12) Other duties specified by China Securities Regulatory Commission.