Asset management products refer to standardized financial products approved by the regulatory authorities, which are publicly raised by fund management companies or securities companies, or entrusted by specific clients as asset managers, and entrusted institutions as asset custodians, and invest in the interests of asset clients with entrusted assets. At present, there are 9 1 Public Offering of Fund companies in China, but the CSRC only approved 67 Public Offering of Fund companies to set up wholly-owned subsidiaries to do specific asset management business (these can be found on the website of the CSRC).

The difference between asset management products and trust products;

Similarities:

1. must be reported to the regulatory authorities. Trust is supervised by CBRC, and asset management plan is supervised by CSRC;

2. There are strict regulations on fund supervision and information disclosure;

3. The subscription method is the same, and the project contract and manual are similar;

4. Different channels with the same essence belong to investment and financing platforms, which can span many fields such as capital market, money market and industrial market;

Difference:

1. There are only 68 trust companies and 67 asset management companies in China, and the scarcity of license resources is more obvious;

2. Asset management companies have strong investment and research capabilities, especially in macroeconomic research and industry research. Choosing investable projects under the guidance of such a research team can effectively increase the bargaining power of financiers and reduce investment risks;

3. The trust has been reported to the China Banking Regulatory Commission for 1 time, and it can be established if it is fully raised; The asset management plan shall be submitted twice, at the initial stage of raising 1 time, and after the full raising, the capital shall be verified 1 time, and the capital verification shall be established two days later;

4. The asset management plan has a double credit, which has been reviewed by the asset management company and the regulatory authorities.

5. The asset management plan is small, with a maximum of 200 places.

6. The income is high, and the asset management plan is generally higher than the trust plan 1%/ year; The term is short, and the term of the asset management plan is generally not more than 2 years.

Future trend: the fund special asset management plan is the result of financial innovation advocated by CSRC. Due to the advantages of strict supervision, flexible operation, high income, unlimited small amount and professional management, it is an inevitable trend to split trusts or launch trust products by using fund special asset management in the future.