1. Investment and 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 investment management services for securities and other financial products.
Second, the asset management business refers to the behavior that a securities company, as an asset manager, signs an asset management contract with customers according to the relevant laws and regulations and the provisions of the Trial Measures, operates the customer's assets in the manner, conditions, requirements and restrictions stipulated in the asset management contract, and provides customers with investment management services for financial products such as securities.
3. Investment refers to the economic behavior of a specific economic entity to invest a sufficient amount of money or physical currency equivalents in a certain field in a certain period of time in order to obtain income or capital appreciation in the foreseeable future. It can be divided into physical investment, capital investment and securities investment. The former is to invest in enterprises with money and get certain profits through production and business activities. The latter is to buy stocks and corporate bonds issued by enterprises in currency and indirectly participate in the profit distribution of enterprises.
Asset management usually refers to a kind of trust business of "entrusted by people to manage money on their behalf". In this sense, any institution or organization mainly engaged in this kind of business can be called an asset management company.
(1) The business scope of general asset management companies is: investment management, enterprise management and entrusted asset management; Investment consultant; Equity investment; Enterprise assets reorganization, merger and acquisition and project financing; Financial adviser; Entrusted management of equity investment funds; Domestic trade; Invest in industry.
(2) The businesses of international investment banks include: corporate financing, mergers and acquisitions, financial consultancy and other businesses. In China, investment banking business mainly includes: securities underwriting, securities trading, mergers and acquisitions, fund management, project financing, venture capital, credit asset securitization, etc.
In a word, their business scope overlaps. The difference between the two is that asset management companies define themselves as managers and participate in direct operations. Investment banks are generally classified as economic businesses, that is, they exist as intermediaries and do not participate in the operation of enterprises.