Money fund is an open-end fund that gathers idle social funds, is operated by fund managers and kept by fund custodians, and is specially invested in money market instruments with low risk. Different from other types of open-end funds, it has the characteristics of high security, high liquidity, stable income and "quasi-savings".

The main differences between money fund and P2P financial management are:

1. Different transparency. P2P is a personal loan, so the wealth manager knows the details of the borrower very well. This is not the case with trust wealth management products.

2. The income is different. P2P is a new industry, and its interest rate has not been marketized. Therefore, its income varies greatly. However, trust wealth management products have existed for many years, so their income is relatively stable.

3. The risks are different. At present, P2P is more risky than trust. But if you choose the right platform, the risk can be controlled.

4. The investment threshold is different. The threshold of P2P financial management is low, but the general investment of trust financial products is more than 1 million.

5. The direction of funds is different. P2P financing funds will generally flow to small and medium-sized enterprises or individuals. However, the funds of trust wealth management products will focus on major projects.

6. The financial management time is different. P2P financial management has long-term financial management mode and short-term financial management mode, so its time is not fixed. However, trust wealth management products are generally one to two years.

Twelve behaviors that p>P2P is prohibited:

(1) using the Internet platform of this institution to finance itself or borrowers with related relationships;

(2) directly or indirectly accepting and collecting the lender's funds;

(3) providing a guarantee to the lender or promising to protect the principal and interest;

(4) promoting or recommending financing projects to non-real-name registration system registered users;

(5) granting loans, except as otherwise provided by laws and regulations;

(6) split the term of the financing project;

(7) selling bank wealth management, brokerage asset management, funds, insurance or trust products;

(8) except as permitted by laws and regulations and relevant regulatory provisions of peer-to-peer lending, mixing, bundling and acting as an agent with other institutions for investment, sales, promotion and brokerage;

(9) deliberately fabricating and exaggerating the authenticity and earnings prospects of financing projects, concealing the defects and risks of financing projects, making false one-sided publicity or promotion by ambiguous language or other deceptive means, fabricating and spreading false information or incomplete information to damage the commercial reputation of others and mislead lenders or borrowers;

(1) providing information intermediary services for the purpose of borrowing money for financing investment in the stock market;

(11) engaging in equity crowdfunding, in-kind crowdfunding and other businesses;

(12) other activities prohibited by laws and regulations and relevant regulatory provisions of peer-to-peer lending.

Extended information:

P2P is the abbreviation of English person-to-person (or peer-to-peer), which means person-to-person (partner-to-partner). Also known as peer-to-peer network lending, it is a kind of private micro-lending model that gathers small funds and lends them to people in need of funds. It belongs to a product of Internet finance (ITFIN). It belongs to private micro-lending, an online credit platform with the help of Internet and mobile Internet technology, and related financial management behaviors and services.

References: Baidu Encyclopedia-Monetary Fund Baidu Encyclopedia -P2P.