Special account wealth management products are private placement products issued by fund companies, with no more than 200 purchasers. Its daily supervision is carried out by the company's compliance department, and the administrative supervision is still the CSRC.

Special fund account financing refers to the activities of fund management companies to raise funds from specific customers or accept property entrusted by specific customers as asset managers and commercial banks as asset custodians. For the benefit of the asset trustor, the entrusted property is used for securities investment. In a sense, the operation mode of special account financing is similar to that of private equity funds, which is aimed at the public offering of funds.