trust and asset management. the difference
when the product shortage comes, trust products are often killed, so that some investors buy them? Asset management products? Maybe some people think? Asset management products? =? Trust products? In fact, there are still big differences between the two, mainly as follows:
Trust? Asset management
products issued by trust companies are generally called? XXX collective fund trust plan? The products issued by asset management companies (fund subsidiaries) are generally called? XXX collective asset management plan?
Different operating history
The earliest trust company in China was established in 1988. Most of the trust companies have decades of experience in operation and management, and have also formed a set of perfect risk control systems.
Asset management companies (fund subsidiaries) were basically established in early 213, and their business grew by leaps and bounds in that year, but there was a relative lack of management systems and talents in risk control and other aspects, so that many projects defaulted in 214.
The regulatory agencies are different
Trust companies are supervised by the China Banking Regulatory Commission. Before the trust plan is issued, it must be reported to the banking supervision department ten days in advance. If the banking supervision says that it cannot be issued within ten days, the trust plan cannot be issued (equivalent to approval);
the asset management company (fund subsidiary) is supervised by the CSRC, and the asset management plan is to report to the securities regulatory department after issuance.
The risk tolerance of regulators is different
The CBRC mainly supervises banks, and its supervision has always been strict. Personally, what is the regulatory bottom line of the CBRC? Capital preservation? ;
the supervision of the CSRC has always emphasized? The buyer is conceited? Investors who buy stocks are used to losing money.
The company's family background is different
The general registered capital of the asset management company (fund subsidiary) is 2 million yuan. Therefore, once the project is risky, there is basically no way to ask the asset management company to advance the investor's principal and interest (how can it afford it without money);
Trust companies generally have registered capital of several billion yuan, net assets of several billion yuan, and their financial background is dozens of times thicker than that of asset management companies. For many years, what are the hidden rules of the trust industry? Rigid redemption? Because of this, trust products are still very safe (rich and willful) so far.
conclusion
buy a trust, anyway, there is another one? Rigid redemption? Safety mat; Buy asset management, if the project fails, it will fall directly to the concrete floor.
therefore, you need to be more cautious when buying asset management products.