First of all, you need to understand a situation, that is, whether it is Tiantian Fund, Alipay, WeChat, or Egg Roll Fund, these fund selling platforms are all agents of the fund. Its function is to use its own flow to help the fund companies it cooperates with to sell funds. Of course, the same is true for banks. Banks can only sell funds, but cannot issue funds, because banks do not have a license to operate funds.

Understanding this principle, we know that no matter where you open an account, you cannot buy funds issued by banks, because you cannot buy them at all. So what is the relationship between banks and funds? I can tell you about cooperation.

There is a fund custody relationship between banks and funds, because in the ecological chain of funds, there is a triangular relationship, that is, the investor-fund-custodian triangular relationship. Investors must be aware of it. Those of us who buy funds are all investors. The fund is the fund company itself, and the custodian is the bank. Why should the bank be used as the custodian? Because investors’ money needs to be custodian by a third party to make it safer. If It is said that investors' money is not placed with the custodian, but with the fund company. It is very likely that the fund company will take the money and run away, because the identity of the custodian is still very important. This is a layer of relationship between banks and funds.

The second thing is the product agency relationship between banks and funds just mentioned. If the fund is compared to a factory, then Tiantian Fund, Alipay, WeChat, Egg Roll Fund, and Banks and other institutions are all agents of factories. They are responsible for selling the goods. We currently purchase funds on these platforms, and these platforms all charge commissions.

So at this point, I think you should be very clear. As a financial institution that does not hold a fund license, a bank cannot issue funds. The only relationship between banks and funds is cooperation.