The special account wealth management business is the asset management business of specific customers of fund companies, which means that fund companies raise funds from specific customers or accept the entrustment of specific customers to act as asset managers, and commercial banks act as asset custodians. The client includes a single customer and a specific number of customers, and the initial assets entrusted by a single customer shall not be less than 50 million yuan.

According to relevant regulations, the management rate and custody rate of specific asset management business shall not be lower than 60% of the management rate and custody rate of securities investment funds with the same or similar investment objectives and strategies.

The entrusted property shall be used for the following investments: stocks, bonds, securities investment funds, central bank bills, short-term financing bills, asset-backed securities, financial derivatives and other investment products as stipulated by the China Securities Regulatory Commission. The investment target covers basic products and derivative products, which helps asset managers to formulate products with risk-return characteristics that meet customer needs.

In addition, customers can entrust their securities assets already held to fund companies for management, not just in the form of cash. The specific implementation arrangements for multi-client specific asset management business shall be formulated separately by the China Securities Regulatory Commission.