One is a fund and the other is a foundation. Fund is a way for experts to manage money. Ordinary investors don't know professional investment knowledge and skills, so they need to entrust experts to manage their finances on their behalf. Through the investment behavior of professionals, investment risks can be fully avoided and investment income can be more stable. Funds are also called trusts in Europe and America. As the name implies, trust is trust entrustment. Entrustment is based on trust. However, the mode of financial management on behalf of clients through trust funds also has a fatal weakness, that is, ordinary investors and fund managers are in a completely asymmetric information position, and fund managers may completely use their absolute information advantages to infringe on the interests of investors, while investors are in an absolutely weak position. Therefore, strict legal supervision is essential for the long-term sustainable development of trust funds and a win-win situation for all parties. Without strict legal supervision, investors, as an absolutely vulnerable group, cannot protect their own interests. If investors can't make money, the trust fund industry can't develop healthily for a long time. At present, the domestic fund industry is still immature, legal supervision is ineffective, and incidents that infringe on investors' interests abound, and people have long been accustomed to it. According to statistics, the domestic fund industry lost more than 500 billion yuan last year, second only to more than 800 billion yuan in 2008. In sharp contrast, the handling fee of fund companies is still as high as 28.8 billion, and the annual salary of fund managers is one million. To put it bluntly, investors' money is to let fund managers manage their own finances. Domestic fund managers frequently change jobs for their own profits, regardless of the impact on the funds they manage, that is, regardless of the interests of investors and only know their own interests. These are all because the domestic government and legal supervision are extremely backward, and the financial market has not formed a legal system to protect investors at all. On the contrary, if you look at the legal supervision in Europe, America and Hong Kong, they all attach great importance to protecting the interests of investors, especially small and medium-sized investors. Fund managers not only have a high level of international vision, but also have a fiduciary responsibility. It is precisely because of their extremely strict legal supervision that violations that occur every day and are completely ignored in China are bound to go to jail in Hong Kong, Europe and America. Therefore, investors should not give their hard-earned money to greedy eagles like China, and go to Hong Kong, a place with strict legal supervision, and an international financial center, where there are many international big-name fund companies and asset management companies. I don't know how many times to rest assured. Do you still remember that Donald Tsang was questioned by the Hong Kong Legislative Council because of his little intimate relationship with the rich in Hong Kong? Remember the arrest of Sun Hung Kai Properties and former government executives by the Hong Kong Independent Commission Against Corruption? Only such strict laws as Hong Kong can fully guarantee the interests of investors. Investors are advised not to buy mainland wealth management products or touch the stock market. There are too many shady scenes. These are the top institutions among institutional investors who dare to participate, because they are professional enough to protect themselves. In addition, investors had better buy wealth management products directly in Hong Kong, and Hong Kong laws will strictly protect the legitimate interests of all citizens of the world who invest in Hong Kong. Details can be deducted, second-rate or Liu Si's Eighth Five-Year Plan.