Special fund account financing refers to the activities of fund management companies to raise funds from specific customers or accept property entrusted by specific customers as asset managers and commercial banks as asset custodians. For the benefit of the asset trustor, the entrusted property is used for securities investment.

In a sense, the operation mode of special account financing is similar to that of private equity funds, which is aimed at the public offering of funds.

Divided into one-to-one accounts and one-to-many accounts. In other words, each manager corresponds to one customer, or one manager corresponds to multiple customers.

Asset management: Asset management products are publicly issued by fund management companies or securities companies approved by regulatory authorities to raise funds from or accept funds from specific customers.

Information management products

Information management products

Standardized financial products with the property entrusted as the asset manager, the custodian institution as the asset custodian, and the entrusted property as the benefit of the asset client.

Compared with trust products, asset management products are different in that:

(1) The essence is the same, but the channels are different, that is, the issuers are different: one is a trust company, the other is an asset management company, and it is a publicly funded subsidiary of a fund company. At present, 68 companies in China have such qualifications (as of 2013);

(2) Different supervision: the trust is supervised by CBRC, and the asset management plan is supervised by CSRC;

(3) Different filing times: the trust has been filed with the CBRC for 1 time, and it can be established if it is fully raised; The asset management plan should be reported twice, and it should be reported 1 time in the initial stage of raising, and the raising is full.

Information management products

Information management products

After capital verification, it will be reported 1 time, and it will be established two days after capital verification;

(4) The number of small amounts is different: there are 50 small trusts under 3 million, and there can be 200 small asset management plans.

Compared with other wealth management products, asset management projects have the following advantages:

(1) Revenue: [3] The asset management business began to be liberalized in the second half of last year. It's time to expand the market vigorously. In order to improve their competitiveness, asset management companies will try their best to charge lower fees from financiers and give customers higher returns. For example, the same type of general asset management products will be about 0.5% higher than the trust.

(2) Safety: At present, trust managers hired by asset management companies and people with many years of experience in risk control in the financial industry are doing such projects. Generally speaking, the financing cost of products with high security is getting lower and lower with the market changes, and they also tend to finance from asset management companies. At present, these 32 asset management companies are all working on the first wave of projects, so they will be more cautious when choosing projects and have higher qualification requirements for projects. Therefore, they are more cost-effective.