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What are the differences and connections between the securities asset management business and the private investment fund business in the main business of securities companies?
Securities asset management business is generally initiated by the asset management department of securities firms or asset management subsidiaries, which can be divided into public offering and small public offering;
Private investment funds are products sold by private managers registered by fund industry associations, generally private products. Subscription requires qualified investors, and the starting point of subscription is 654.38+0 million.