The supervision and management institutions of fund companies in China are

Legal Analysis: The main regulatory body of China's fund management companies is China Securities Regulatory Commission (hereinafter referred to as "CSRC"). In the past 20 years, with the rapid development of China's capital market and fund industry, the supervision system of fund management companies has been continuously improved, and nearly 100 relevant regulatory policies and normative documents have been issued, covering all aspects of fund company business operation and operation management. The fund supervision institution is an integral part of the securities supervision institution, and it is an institution established by the government to protect the interests of fund investors, standardize fund trading and operation, maintain the order of the fund market and promote the healthy development of the fund market. They strictly supervise and manage fund activities. Fund regulators have the right to examine and approve funds according to law, put the established funds on record, supervise and manage the listing of fund managers, fund custodians and other relevant intermediaries, and investigate and deal with violations of laws and regulations.

Legal basis: Measures for the Administration of Fund Companies

Article 3 The rights and obligations of fund managers, fund custodians and fund share holders shall be stipulated in the fund contract in accordance with this Law. Fund managers and fund custodians shall perform their fiduciary duties in accordance with this Law and the provisions of fund contracts. Fund share holders enjoy income and bear risks according to their fund shares.

Article 5 A fund contract shall stipulate the mode of fund operation. The fund operation mode can be closed, open or other ways. Closed-end fund (hereinafter referred to as closed-end fund) refers to a fund with a fixed total fund share approved within the term of the fund contract, and the fund share can be traded on a legally established stock exchange, but the fund share holder may not apply for redemption. An open-ended fund (hereinafter referred to as an open-ended fund) refers to a fund whose total share is not fixed and can be purchased or redeemed at the time and place agreed in the fund contract. Measures for the sale, trading, subscription and redemption of fund shares of funds with other modes of operation shall be formulated separately by the State Council.

Article 9 Fund managers and fund custodians shall fulfill their duties and fulfill their obligations of honesty, credibility, prudence and diligence in managing and using fund assets. Fund practitioners shall obtain the qualification of fund practice according to law, abide by laws and administrative regulations, and abide by professional ethics and code of conduct.

Article 11 the State Council Securities Regulatory Authority shall supervise and manage the activities of securities investment funds according to law.