The financial management subsidiary of a commercial bank is different from the current financial management department, which is equivalent to taking out the department responsible for financial management business within the bank and acting as a subsidiary alone. The original bank is the parent company. The financial subsidiary is dominated and controlled by the bank's parent company economically, but legally, the bank's parent company and the financial subsidiary are independent legal persons.

Suggestions on "to be adopted in the business rules of financial subsidiaries", that is, financial subsidiaries of commercial banks can contact three major businesses:

Further reduce the sales starting point of wealth management products, expand sales channels, include legal, compliant and qualified private equity investment funds into the scope of wealth management investment cooperation institutions, and do not force individuals to purchase wealth management products for the first time and sign in person at bank outlets, allowing the issuance of classified wealth management products.

The publicly-funded wealth management products issued by subsidiaries are allowed to invest in stocks directly or indirectly through other means.

Incorporate legal, compliant and qualified private equity investment funds into the scope of financial investment cooperation institutions.

Because the "Measures for the Administration of Financial Subsidiaries of Commercial Banks" has not yet been promulgated, it is impossible to specifically understand the difference between financial subsidiaries and bank financial management.

However, it is obvious that the reference documents of bank wealth management business and wealth management subsidiaries are different: for bank wealth management business, that is, "banks have not carried out wealth management business through subsidiaries", banks must abide by the New Regulations on Asset Management and the Measures for the Supervision and Administration of Financial Management Business of Commercial Banks; Financial subsidiaries refer to the Measures for the Administration of Financial Subsidiaries of Commercial Banks.

The Measures for the Administration of Financial Subsidiaries of Commercial Banks are intended to serve as a supporting system for the Measures for the Supervision and Administration of Financial Services of Commercial Banks, and the applicable regulatory provisions are basically the same as those of other similar financial institutions.