Fund management companies and trust companies are traditional asset management industries in China. With the continuous accumulation of personal wealth of Chinese residents, banks, securities, insurance and other financial institutions have started asset management business. Fund management companies and trust companies are the types of institutions that can engage in asset management business in China.
Asset management business refers to the behavior of financial investment companies such as securities, futures and funds, as asset managers, to operate their clients' assets in accordance with the methods, conditions, requirements and restrictions stipulated in the asset management contract, and to provide clients with investment management services for financial products such as securities.
In addition to securities companies, fund companies, trust companies and asset management companies, there are also third-party wealth management companies. In a sense, the expansion and positioning of third-party wealth management companies in the asset management market are somewhat similar to those of today's private equity funds.
Bundle grafting expert financial management and flexible cooperation terms as a breakthrough to open the asset management market. Noah wealth, Yin Ji Assets and Lide Wealth are all such third-party wealth management companies.
The essence of asset management is as follows:
(1) All asset management activities need the matching of risk and return.
(2) The manager must insist on "the seller is responsible". Entrusted by the people, managers must be loyal to people's affairs and always adhere to the principle of "investors' interests first"
(3) Investors must "take their own risks". Investors bear the ultimate income and risks, and there is no "rigid redemption" such as guaranteed income.