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What is the difference between Alipay brokerage financing and fund financing?
Alipay brokerage financial management refers to the financial management issued by brokerage institutions selling on Alipay platform. Wealth management products are fixed-income products, and they do not promise to protect capital and interest. The losses are borne by the investors themselves, and the risks and expected returns are lower than those of the fund.

Alipay fund is a fund sold on Alipay platform. This fund is issued by a fund company with floating income, mainly investing in financial products such as stocks and bonds, and does not promise to protect the capital. It is an investment method with * * * returns and * * risks.