Brokerage refers to a limited liability company or joint stock limited company with independent legal personality, which is approved by the regulatory body of China Securities Regulatory Commission in accordance with the provisions of the Company Law and the Securities Law. The business of securities companies mainly includes securities investment consulting; Financial advisers related to securities trading and securities investment activities; Securities self-management; Securities asset management; Securities investment funds sell on a commission basis; Consignment of financial products; Margin trading, securities underwriting and sponsorship, etc.

Funds are issued by fund companies, and their capital assets are mainly invested in money market, bond market and stock market. This is a product with * * * benefits and * * * risks. Investors buying funds are equivalent to handing over funds to fund companies for management, and fund managers allocate funds to money market, bond market and stock market to obtain income.