The difference between asset management and trust

1. Different regulatory authorities

①The regulatory authority for asset management products is generally the China Securities Regulatory Commission

②The regulatory authority for trust products is the China Banking Regulatory Commission

2. The applicable laws are different

①Asset management products are mainly based on the Securities Law

②Trust products Mainly based on the Trust Law

3. Different issuing entities

①The issuing entity of asset management products is an asset management company, usually a subsidiary of a securities company or a fund company

Trust entities include the trustor, trustee and beneficiaries.

① The client is the creator of the trust relationship, and he should be a natural person, legal person or other organization established in accordance with the law with full civil capacity. The trustor provides the trust property and determines who the beneficiaries are and what beneficial rights they have. Appoint a trustee and have the power to supervise the trustee's implementation of the trust.

② The trustee is responsible for managing and disposing of trust property. It should be a natural person or legal person with full capacity for civil conduct. Trustees must fulfill their duties and fulfill their obligations of honesty, credit, prudence, and effective management. The trust property must be managed in the best interests of the beneficiaries and in accordance with the legal provisions of the trust document.

In my country, trustees specifically refer to trust investment companies established with the approval of the China Banking Regulatory Commission and are non-bank financial institutions.

③ The beneficiary is the person who enjoys the trust beneficiary rights in the trust, and can be a natural person, a legal person, or other organizations established in accordance with the law. It can also be an unborn fetus. The beneficiaries of charitable trusts are the public.