1, the legal basis is different. The foundation of corporate fund is company law, contractual fund is established according to fund contract, and trust law is its legal basis.

2. The legal person qualification of the fund property is different. Corporate funds have legal personality, while contractual funds do not.

3. The vouchers issued are different. Corporate funds issue stocks, and contractual funds issue beneficiary certificates (fund units).

4. The status of investors is different. As the shareholders of the company, the capital contributors of the company have the right to express their opinions on the major decisions of the company, attend the shareholders' meeting and exercise the shareholders' rights. Investors of contractual funds become the parties to the contractual relationship after purchasing beneficiary certificates, that is, beneficiaries, and have no say in the use of funds.

Contractual funds with extended information are all kinds of funds in the world, but they can be divided into contractual funds and corporate funds according to their legal status. Contract type is an agency investment behavior organized based on certain contract principles. It consists of three parties: the client, the beneficiary and the trustee. The trustor is the setter of fund investment, that is, setting up and organizing various funds, issuing beneficiary securities, handing over the raised funds to the trustee for management, and at the same time making specific investment use of the raised funds.

The beneficiary, that is, the holder of the beneficiary securities, is an ordinary investor. They buy beneficiary securities, participate in fund investment, become one of the parties to the contract, and enjoy the right to distribute investment income. Generally, the trustee is a trust company or bank, which handles securities, cash management and other related agency business and accounting business according to the regulations of trust deed.

Reference Contract Fund _ Baidu Encyclopedia