【中文版】

基金运营是指基金管理公司或基金托管人以基金资产为对象，通过基金的发行、申购、赎回等环节，实现基金资产的增值和保值。基金运营主要包括以下几个方面：

一、基金的发行和募集。基金管理公司或基金托管人通过发行基金份额，向投资者募集资金，形成基金资产。

二、基金的投资管理。基金管理公司或基金托管人根据投资策略和风险控制要求，对基金资产进行投资运作，以实现基金资产的增值。

三、基金的销售和赎回。基金管理公司或基金托管人通过销售渠道，向投资者销售基金份额，同时接受投资者的赎回申请，实现基金资产的流动性和投资者利益的兑现。

四、基金的日常管理和监管。基金管理公司或基金托管人需要对基金的日常运作进行管理和监管，包括对投资组合的监控、对投资者的服务、对市场的调研等。

基金运营的好坏直接影响到基金的业绩和投资者的利益。优秀的基金运营团队能够通过科学的管理和运作，提高基金的投资收益和风险控制能力，为投资者带来更好的回报。因此，对于基金管理公司和基金托管人来说，建立一支专业的基金运营团队是非常必要的。

【英文版】

Fund operation refers to the management company or fund custodian of the fund using the fund assets as the object, realizing the appreciation and conservation of fund assets through various links such as the issue, subscription, and redemption of the fund. Fund operation mainly includes the following aspects:

Firstly, the issue and raising of the fund. The fund management company or fund custodian issues fund shares to raise funds from investors to form fund assets.

Secondly, the investment management of the fund. The fund management company or fund custodian invests and operates the fund assets according to the investment strategy and risk control requirements to achieve the appreciation of the fund assets.

Thirdly, the sales and redemption of the fund. The fund management company or fund custodian sells fund shares through sales channels to investors and accepts investors' redemption applications to achieve the liquidity of the fund assets and the realization of investors' interests.

Fourthly, the daily management and supervision of the fund. The fund management company or fund custodian needs to manage and supervise the daily operation of the fund, including monitoring investment portfolios, serving investors, researching the market, etc.

The quality of fund operation directly affects the performance of the fund and the interests of investors. An excellent fund operation team can improve the investment returns and risk control capabilities of the fund through scientific management and operation, bringing better returns to investors. Therefore, for fund management companies and fund custodians, it is necessary to establish a professional fund operation team.