ICBC is one of the four major banks in China, and I believe all users are familiar with it. But I really don't know much about ICBC Financial Management, which actually refers to ICBC Credit Suisse Fund Management Company. Many people think that ICBC Financial Management is similar to ICBC, so what is the relationship between ICBC Financial Management and ICBC? Let's get to know each other.

What is the relationship between ICBC Finance and ICBC?

ICBC Wealth Management is a fund management company jointly funded by Industrial and Commercial Bank of China and Credit Suisse, in which ICBC holds 80% of the shares and Credit Suisse holds 20%. Strictly speaking, ICBC Wealth Management is a wealth management subsidiary of ICBC. There are still some differences between ICBC and ICBC in business scope. The business operation of ICBC mainly includes four aspects: first, publicly issue wealth management products to unspecified public, and conduct investment management on the property of entrusted investors; Second, non-public issuance of wealth management products for qualified investors, and investment management entrusted investors with finance; The third is to provide financial consultants and consulting services; The fourth is to operate other businesses approved by the CBRC.

Although ICBC can also issue wealth management products, it cannot issue funds, but can only issue wealth management products with a fixed term; Most products issued by ICBC Wealth Management are fund wealth management products such as Public Offering of Fund and private equity funds.