The differences between private placement and asset management are as follows:

Asset management is a big and broad concept. Simply put, an institution or individual entrusts another institution to manage assets, which is the asset management business.

Private equity funds, as for the investment target, scope and charging standard, are all agreed in the contract, and the quality is mixed. Better private equity funds have a higher investment threshold, generally 1 10,000. At present, the CSRC allows some private equity institutions to carry out public offering business.

Therefore, the asset management company belongs to the supervision of the CSRC, and Taiping Asset Management is a formal financial institution.