You can go to Baidu Encyclopedia and search for "Financial Management on behalf of Customers" for an introduction.
The following text comes from Baidu Encyclopedia.
Note 1: Currently there are many institutions or individuals on the market operating under the banner of “financial management on behalf of clients”, some of which are not qualified to manage financial affairs on behalf of clients. Before deciding to hand over funds to the other party for operation, it is best to confirm the other party's qualifications, such as a company business license (company) or a securities/insurance/futures qualification certificate or a professional examination score certificate (individual).
Note 2: The law stipulates that securities companies (such as Orient Securities) and consulting companies (such as Yibang Investment) cannot agree on sharing with customers, nor can they promise guaranteed returns. Therefore, if you encounter this kind of situation, you can conclude that it is a scammer or the company is operating in violation of regulations, and you can complain to the local regulatory agency.
Note 3: Keep in mind the principle of "the stock/future/foreign exchange market is risky, and you must be cautious when entering the market." In addition to the guarantee commitments of financial products of banks and insurance companies, risks in the financial market are everywhere. Before identifying a financial institution (such as a private equity fund) or an individual (a qualified individual), be sure to communicate with them in detail and make a decision after fully understanding their investment direction, investment style, and possible return/risk ratio.
Note 4: There are a large number of institutions or individuals in the market that manage finances on behalf of clients. Some of them are really trustworthy, and some use this method to conduct illegal operations and fraud. Investors should be careful. eyes. Don’t be tempted by sensitive words like “daily daily limit, inside information, short-term profits.”
But I also want to remind you that the most effective way to prevent risks is to conduct on-site inspections. By participating in various types of investment and financing Meetings and communicating with various investment companies will allow you to see clearly whether each institution is reliable.