Fund subsidiaries have many kinds of business, wide investment scope and flexible business, which have certain comparative advantages. In addition, fund subsidiaries can rely on the parent company for business collaboration and resource sharing, thus improving their active management capabilities. If a fund subsidiary handles specific asset management business for multiple customers, the number of customers in a single asset management plan shall not exceed 200. According to the Administrative Measures for Collective Funds Trust Plans of Trust Companies, the number of natural persons in a single trust plan shall not exceed 50, but the number of natural person investors and qualified institutional investors with a single entrustment amount of more than 3 million yuan is not limited. However, compared with Public Offering of Fund and other wealth management products, the number of participants is small. Therefore, the products of fund subsidiaries are generally oriented to qualified investors such as high-net-worth customers.