I. Similarities
1. Both of them are financial institutions directly supervised by CBRC, with high social credibility.
2. Neither of them can promise to protect capital and income in the contract, which is the regulation of CBRC. Anyone who says this word to customers is verbal and cannot be reflected in the contract. Whoever dares to violate the rules will be invalid.
3. Bank wealth management funds and trust fund pool products have no clear purpose of funds, and they are all actively managed by the issuer and endorsed by the issuer with its own reputation.
Second, differences.
1. A large part of the bank wealth management fund pool is docking trust products, and 1/3 of the trust asset management scale comes from bank wealth management funds. Tencent's financial photo report reveals that the bank's wealth management income mainly comes from trust and city investment bonds.
2. Trust financing has the debt isolation function that bank financing does not have. According to the trust law, trust assets are independent and cannot be repaid, bankrupted, liquidated or divided. They are independent of the property of the principal, the trustee and the beneficiary.
Therefore, trust assets are usually used as wealth management and wealth transfer tools in developed countries. Bank wealth management assets, funds, real estate, etc. Should be frozen or used for debt repayment, liquidation, division, etc. In the event of debt disputes, legal disputes, divorce, etc.
3. The main advantages of bank financing are convenient term, especially short-term and high liquidity; However, this advantage is being infiltrated by trust products. Subscribers can order for 7 days, 14 days, 30 days, 60 days, 90 days, 180 days, 270 days and 360 days by themselves, and the income is higher than that of banks in the same period.
4. The degree of specialization of the two is different. The core business of banks is deposit and loan spreads; Banks rarely take the initiative to develop wealth management products, and basically use wealth management products to connect trusts, urban investment bonds and corporate bonds. , thus earning a spread.
Trust companies are professional wealth management companies, and each investment business must independently complete due diligence, research and development and design products. So they are better than banks in investment specialty.
5. Bank financing is more popular, and the threshold is usually 50,000; The threshold of trust is higher. Generally speaking, 1 million starts.
6. The income from trust financing is greater than that from bank financing. The income from trust financing is about 10%, while the income from bank financing products is generally 4-5%.
7. Bank financing can be publicized, but trust can't. In China, the relevant laws and policies are not allowed to promote the trust, such as public activities, qq, SMS, etc.