(1) The essence is the same, but the channels are different, that is, the issuers are different: one is a trust company, the other is an asset management company, and it is a publicly funded subsidiary of a fund company. At present, there are 78 domestic companies with such qualifications (as of July 20 15);
(2) Different supervision: the trust is supervised by CBRC, and the asset management plan is supervised by CSRC;
(3) Different filing times: the trust has been filed with the CBRC 1 time, and it can be established if it is fully raised; The asset management plan shall be submitted twice, at the initial stage of raising 1 time, and after the full raising, the capital shall be verified 1 time, and the capital verification shall be established two days later;
(4) The number of small amounts is different: there are 50 small trusts under 3 million, and there can be 200 small asset management plans.
Compared with other wealth management products, asset management projects have the following advantages:
(1) Revenue: The asset management business began to be liberalized in the second half of last year. It's time to expand the market vigorously. In order to improve their competitiveness, asset management companies will charge the financiers as little as possible and give customers as much income as possible. For example, the same type of general asset management products will be about 0.5% higher than the trust.
(2) Safety: At present, trust managers hired by asset management companies and people with many years of experience in risk control in the financial industry are doing such projects. Generally speaking, the financing cost of products with high security is getting lower and lower with the market changes, and they also tend to finance from asset management companies. At present, these 32 asset management companies are all working on the first wave of projects, so they will be more cautious when choosing projects and have higher qualification requirements for projects. Therefore, they are more cost-effective.