It is the bank that set aside a dollar for operation in order to develop investment banking business. This dollar is the so-called "asset pool", and all the large commercial banks I know are doing asset pools; The biggest difference with factoring business is that factoring takes up the customer's quota.

Asset pool does not occupy customer quota. Factoring is a supply chain financing product, which needs specific trade background support. Asset pool refers to a product.

Since 20 16, cash pool products have attracted the attention of regulatory authorities. At present, the regulatory authorities have once again requested to clean up the fund pool bond products. It is reported that the CSRC has interviewed a number of large securities companies and has explicitly requested to clean up the fund pool bond products.

The general manager of a Public Offering of Fund company said that in the past, the CSRC only cleaned up the fund pool bond products, but now the cleaning of the fund pool has been extended to all fund pool products, and it is no longer limited to the fund pool products of bond varieties.

Affected by this news, brokerage stocks suddenly suffered a recent rare plunge last Friday, and the Shanghai Composite Index broke through 3 100 points in intraday trading, hitting a three-month low. In the brokerage sector, only a few brokerage stocks such as Huaan Securities and Haitong Securities closed slightly higher.