Refers to a legal entity established for a specific purpose, mainly to achieve complete bankruptcy isolation from other debts in the process of asset securitization. The [special purpose vehicle] mentioned in your question refers to 20 14 years. In order to standardize the interbank business, five ministries and commissions issued the Notice on Regulating the Interbank Business of Financial Institutions, which was called 127 by the industry. In this article, the regulatory authorities interpret the "inter-bank investment" business as inter-bank financial assets or special purpose vehicles purchased by financial institutions (note that there is a word difference). Specific purpose carriers include but are not limited to commercial bank wealth management products, trust and investment plans, securities investment funds, asset management plans of securities companies, asset management plans of fund management companies and subsidiaries, and asset management products of insurance asset management institutions.

2. The title "Guotai Junan Securities China Bank Jiangsu Orientation" is a special purpose carrier. This is a targeted asset management plan of a securities company. For the fund lender, it is peer investment, and for the fund custodian, it is SPV depository.