The first thing you need to know is that whether it is Tian Tian Fund, Alipay, WeChat or Egg Roll Fund, these fund sales platforms are fund agents, and their role is to use their own traffic to help fund companies with which they cooperate to sell funds. Of course, the same is true of banks, which can only sell funds and cannot issue funds because banks do not have a license to operate funds.

Knowing this principle, we know that no matter where you open an account, you can't buy funds issued by banks, because you can't buy them at all, so I can tell you what kind of cooperation banks and funds are.

There is a fund custody relationship between banks and funds, because there is a triangular relationship in the capital ecological chain, that is, the triangular relationship among investors, funds and custodians. Investors must be clear that we are all investors who buy funds, the funds are the fund companies themselves, and the custodians are banks. Why use banks as custodians? Because investors' money needs to be managed by a third party, it can be safer. If the investor's money is not placed in the custodian, but in the fund company, it is likely that the fund company will run away with the money, because the identity of the custodian is still very important. This is the relationship between banks and funds.

The second word is that the relationship between banks and funds is product agency. If the fund is compared to a factory, then Tian Tian Fund, Alipay, WeChat, Egg Roll Fund and Bank are all agents of the factory. They are responsible for selling goods. We are currently buying funds on these platforms, and these platforms are all paid by commission.

So I think you should be very clear about the problem here. As a financial institution without a fund license, banks are not allowed to issue funds. The relationship between banks and funds is just cooperation.