1. The main business is different: securities companies are financial institutions that provide securities brokerage and securities trading services. Its main business includes trading and underwriting of stocks, bonds, funds, futures and other securities, securities investment consulting, asset management and other businesses. Fund companies are financial institutions that specialize in managing investment funds. Its main business includes fund raising, management, sales and redemption.

2. Different customers: Securities companies are established with the approval of the securities regulatory authorities, and their main customers are individual investors and institutional investors. Fund companies are established with the approval of the fund industry regulators, and their main service targets are investors.