Jiangsu Bank said that obtaining a private placement license will enable the bank to obtain a second off-balance sheet product issuance license in addition to bank wealth management products. In the future, the projects managed by the bank can no longer issue bank wealth management products, but issue limited partnership funds or contractual private equity funds registered with fund industry associations, which enriches the product line of investment banking and asset management of the bank and makes up for the shortcomings that commercial banks cannot make direct equity investment.

Expanding private equity fund business is the only way to actively grasp the trend of the era of large capital management, contact the capital market, explore the transformation of business model and innovate constantly. After obtaining the qualification, Jiangsu Bank can issue a variety of products including but not limited to industrial investment funds, venture capital funds, equity investment funds, securities investment funds and so on. , form a new asset management platform and profit growth point, provide new tools and means for customer equity financing, debt financing and mezzanine financing, and comprehensively improve the ability of banks to serve customers.

Not only banks, up to now, 3 1 trust companies have filed as private fund managers. Since Wanxiang Trust became the first trust company to file a private fund manager last year123, nearly half of all 68 trust companies have become "private fund managers" in the past year.

People in the trust industry said that after the private equity fund manager filed the record, the trust company made the operation more flexible to some extent by issuing contractual private equity funds or limited partnership funds. Specifically, when conducting business in the above way, the investment scope can be further expanded without being restricted by the supervision of relevant trust business, and at the same time, it is not necessary to occupy the net capital of the trust company and pay the trust industry guarantee fund, thus reducing the exhibition cost of the trust company. In addition, issuing related products in the above way can avoid the capital increase restriction brought by the trust plan or the situation that the trust plan cannot be listed when the enterprise increases capital or changes the board.