Fund sponsors refer to the institutions that initiate the establishment of funds and play an important role in the process of fund establishment. In China, according to the Interim Measures for the Administration of Securities Investment Funds. The main sponsors of the fund are securities companies, trust and investment companies and fund management companies established in accordance with relevant state regulations, and the number of fund sponsors is more than 2. As far as the rights and obligations of promoters are concerned, this is also determined by the legislative purpose of the Fund Law. The purpose of fund legislation is to standardize the activities of securities investment funds, protect the legitimate rights and interests of investors and related parties, promote the healthy development of securities investment funds and securities markets, and protect the interests of investors. Sponsor's obligation is the responsibility that sponsors should perform to protect investors' interests, and right is the necessary condition to protect their enthusiasm for launching funds and promote the development of fund industry. Fund promoters have the right to apply for the establishment of a fund, attend or appoint representatives to attend the fund holders' meeting, obtain fund income, transfer fund shares in accordance with relevant regulations, supervise fund operation, obtain information on fund business and financial status, participate in fund liquidation, and obtain the remaining assets after fund liquidation and other rights recognized by laws and regulations.

legal ground

Article 78 To establish a joint stock limited company, there shall be two or more promoters, more than half of whom shall have their domicile in China. Article 79 The promoters of a joint stock limited company shall undertake the preparatory work of the company. The promoters shall sign a promoter agreement to clarify their respective rights and obligations during the establishment of the company.