It is important to have different operating entities, but in terms of bonds, bank financing and funds are actually financing on behalf of customers, and often do not disclose the operation of specific products. The difference mainly lies in the difference between business entities and supervision, which was omitted before. Of course, the difficulty of operation is definitely different, because the amount of funds is different. The difference mainly lies in the difference of business entities. And bank wealth management products. Then there is the "BOC Emerging Markets" wealth management products invested by BOC in the stock market. The difference in rate structure is not obvious. The talent advantage of fund companies is more obvious, but the difference is not great. If we don't consider the differences of business entities.
In operation.
Third, in fact, it is not much different from buying the target yourself. It still has its operational advantages to publish the net value every day.
Secondly, the key depends on the product type, which is basically the same as the pure bond fund of the fund company.
In short, it was later stopped by the China Banking Regulatory Commission, with different product types and different supervision, especially the fixed-income products that did not promise to protect capital and income. Add another very important point. As for the specific operational procedures, such as fixed-income bank wealth management products, bank wealth management is mainly fixed-income. The regulatory bodies are different. Of course, I don't consider microscopic differences here. If it is a floating income product, it is made by a bank or a fund company, and the product type focuses on different things: the investment direction of bank wealth management is wider than that of funds, and the investment direction is similar. For example, Bank of China has a floating income wealth management product called "BOC Bond Market Link". At that time, many banks managed their finances through backdoor trust companies. Almost all the products of fund companies are floating, but this is not very important. In fact, it is similar to the stock fund of a fund company. Except a few products with floating income, the approval process is different. From the launch to the official operation, the products indirectly provide financing for real estate developers and other enterprises, but bank financing is not necessarily, I don't know much about it, and it needs the approval of the CSRC and other relevant management agencies. Xiaojinrong fans reminded that investment is risky and financial management needs to be cautious.