(1) A contractual fund is a fund established on the basis of a certain trust deed. Generally, it is established by a fund management company (client), a fund custodian (trustee, such as a bank) and an investor (beneficiary) through a trust investment contract.

⑵ A corporate fund is a joint-stock investment company established by investors with the same investment objectives in accordance with the Company Law, which invests in specific objects (such as securities, currencies, etc.) for profit.

Secondly, there are several main differences between them.

(1) The legal basis is different.

Contractual funds are established according to fund contracts, and trust law is the basis for the establishment of contractual funds; The company fund is established according to the Company Law.

(2) Different legal person qualifications.

Contract funds do not have legal person status, while corporate funds themselves are joint-stock companies with legal person status.

(3) The status of investors is different.

As the beneficiary of trust deed's regulations, investors of contract funds usually have no say in the important investment decisions made by how to use the funds; Investors of company funds, as shareholders of the company, have the right to examine and approve major decisions of the company and express their opinions.

(4) Different financing channels

The company fund has the legal person status. When the funds are properly used, the business is carried out smoothly, and the company needs to expand its scale and increase its assets, it can borrow money from the bank: contract funds generally do not lend money to banks because they do not have legal person qualifications.

5] The basis of business nature is different.

Contractual funds operate fund property by virtue of fund contracts; The company's funds are operated in accordance with the articles of association.

(6) Different fund operations.

Corporate funds, like ordinary joint-stock companies, are generally permanent unless they reach the bankruptcy liquidation stage stipulated in the Company Law; The contractual fund is established and operated according to the fund contract. When the contract expires, the fund operation is terminated.

3. Finally, show it in detail with a few pictures: