The difference between overseas funds and domestic funds is that domestic funds are registered and issued only in China, while overseas funds are registered and issued in overseas countries and issued globally. Therefore, the difference between overseas funds and domestic funds lies in the different places where the funds are registered, which has nothing to do with the investment area. For example, the trust funds raised by domestic securities investment trust companies, although investing in European stock markets, are registered in the Securities and Futures Bureau of the China Securities Regulatory Commission, so they are still domestic funds.