Not necessarily. Public Offering of Fund does not stipulate that there must be a consignment agency. Fund companies can sell their own fund products. Usually, the consignment platform has a large number of customers. Fund companies use the consignment platform to better sell funds, and at the same time, fund companies will pay a certain sales fee to the consignment platform.

Public Offering of Fund must have the qualification issued by China Securities Regulatory Commission. At present, the most common consignment is banks, securities companies and third-party consignment platforms (Alipay, Tian Tian Fund, etc.).