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. Special Account Management, Public Offering of Fund and Enterprise Annuity: The biggest difference lies in product design. Compared with the latter two, the product design of special account financing is more flexible and detailed. Generally, different risk-return portfolios will be designed according to the preferences of different customers, which is somewhat similar to various portfolios of existing social security funds.
"Pilot Measures for Asset Management Business of Specific Clients of Fund Management Companies" stipulates that if a specific asset management business is handled for a single client, the initial assets entrusted by the client shall not be less than 30 million yuan, unless otherwise stipulated by the China Securities Regulatory Commission; Where a fund management company handles specific asset management business for multiple clients, it shall sell the specific asset management plans of multiple clients to qualified specific clients. The qualified specific customers mentioned in the preceding paragraph refer to natural persons, legal persons, legally established organizations or other specific customers who are entrusted to invest in a single asset management plan with an initial amount of not less than 6.5438+0 million yuan and can identify, judge and bear the corresponding investment risks.
A fund management company that meets the following conditions may carry out specific asset management business with the approval of the China Securities Regulatory Commission:
(1) The business conduct is standardized, and it has not been punished by the regulatory authorities or ordered to make rectification within 65,438+0 years, and it is not being investigated by the regulatory authorities for illegal acts;
(2) It has been equipped with corresponding professionals engaged in specific asset management business;
(3) Formulating effective business rules and measures to prevent behaviors such as interest transfer, illegal commitment of interests or losses, and unfair competition;
(four) the establishment of a fair trade management system, clear the principles, contents and specific measures to achieve fair trade;
(5) An effective investment monitoring system and reporting system have been established, which can detect abnormal trading behaviors in time.
(six) other conditions determined by the China Securities Regulatory Commission according to the principle of prudent supervision.
The investment scope includes cash, bank deposits, stocks, bonds, securities investment funds, central bank bills, short-term financing bills, asset-backed securities, financial derivatives and commodity futures; Equity, creditor's rights and other property rights that have not been transferred through the stock exchange; Other investment products specified by China Securities Regulatory Commission.