China Post Securities Honglilai Haixi No.1 belongs to asset management products

China Post Securities Honglilai Haixi No.1 can be purchased by everyone, so it belongs to asset management products.

asset management business refers to the behavior of a securities company, as an asset manager, to operate clients' assets according to the methods, conditions, requirements and restrictions stipulated in the asset management contract, and to provide clients with investment management services for securities and other financial products. Private placement is the stock trading with funds raised privately or directly from specific groups.