Entrusted financial management: refers to the behavior of professional managers who accept the entrustment of asset owners to manage assets on their behalf in order to realize the appreciation of entrusted assets or other specific goals. Generally speaking, entrusted financial management in the securities market means that investment banks, as managers, raise and manage entrusted funds with independent accounts and invest in the portfolio of financial instruments such as stocks, funds, bonds and futures in the securities market to realize the appreciation of entrusted funds or other specific purposes. Usually people call entrusted investment between individuals and between individuals and companies entrusted financial management.

Illegal fund-raising: According to the provisions of the Notice on Banning Illegal Financial Institutions and Illegal Financial Business Activities, illegal fund-raising refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of the relevant departments in accordance with legal procedures, and promises to repay the principal and interest or give returns to investors in cash, in kind or other ways within a certain period of time.