The difference between the two is: closed financial management products adhere to the high-yield principle of financial management products. Generally speaking, closed financial management products have relatively high returns, poor liquidity, and cannot be purchased in advance. Redemption or early redemption and other restrictions.

Compared with closed financial products, open financial products have lower returns, and their biggest advantage is that they have better liquidity and can be redeemed in advance, which is more convenient for temporary funding requirements.

If users’ funds are to be used frequently, open financial management products will have certain advantages. Because the cycle is shorter, they can be redeemed in time when money is needed. If open financial products are not redeemed, they are usually automatically redeemed. Purchased on a recurring basis. Closed-end financial products cannot be redeemed in advance, and the cycle is long. When the money is needed, it may not be withdrawn in time.

A closed financial product is a financial product that cannot be redeemed in advance before the fixed redemption date published in the product manual or the product maturity date. :

Financial Management

1. Financial management (Financing) refers to the management of finances (property and debts) with the purpose of maintaining and increasing financial value. Financial management is divided into corporate financial management, institutional financial management, personal financial management and family financial management. Human survival, life and other activities are inseparable from material foundation and are closely related to financial management.

2. "Financial management" is often used together with "investment and financial management", because "financial management" has "investment" and "investment" has "financial management". The so-called financial management is not just about investing your finances. Being invested is also a kind of financial management. If you don't know how to be invested, you won't know how to invest better.

3. When going to a bank or securities company for financial management, you need to open a corresponding financial account. Generally speaking, financial management accounts opened through banks can handle savings products, bank financial products and fund products, and large banks can also purchase them through the banking system. Since bank branches are widely distributed, investment and financial management accounts opened through bank channels can be processed at bank counters.

4. Financial accounts opened by securities companies can be used for stocks (including A shares, B shares, H shares, etc.), bonds (including treasury bonds, corporate bonds, corporate bonds, etc.), and futures (including financial futures) Such as stock index futures, foreign exchange futures, etc., commodity futures such as gold futures, agricultural product futures, etc.) and a series of investment and financial management tools. The opening of a securities account can be done at the business department of each securities company and needs to be done within the trading day.

5. The procedures for investing in a company are relatively convenient. Generally, you only need to provide copies of your ID card and bank card. Investment companies will also customize exclusive financial plans for customers.

2. Financial Management Level Editing

1. The first level is to handle and use money effectively and rationally, so that your money expenditure can maximize the effect, so as to achieve the maximum effect. To meet the needs of daily life.

2. The second level is to invest the remaining money to generate the best financial returns, which is the level where money makes money.

3. The third level is life planning from a financial perspective, using existing economic and financial conditions to maximize the value of one's human resources and prepare for future development.

Reference: Baidu Encyclopedia Financial Management