What business is the channel business? How do you do assets for the bank from the table to the outside of the flow of transport?

The product of capital Management is a kind of standardized financial product which obtains the approval of the regulatory body to raise funds for a specific client or to accept specific client's property as the asset manager, as the custodian of the asset, and for the benefit of the principal of the assets and the use of entrusted property for investment.

Asset management business refers to a securities company or fund management company to raise funds to a specific customer or to accept specific customer property entrusted to the asset manager, the custodian of the asset custodian, in accordance with the terms of the asset management contract, the manner, conditions, requirements and restrictions on the operation of specific customer assets, To provide clients with investment management services in securities and other financial products.
At present, the Capital management business is used to issue fixed income trust products, which is the result of financial innovation advocated by the SFC, and the Future Fund management and brokerage funds to spin off trusts or launch trust products is a trend. The fund management is one of the products regulated by the SFC, and the regulatory products of the SFC require funds to be entrusted to a designated bank, and the fund management and brokerage firms cannot contact clients ' funds to ensure the safety of funds.

　The main differences are as follows:

1) The essence is the same, but the channel is different, that is, the distribution of the main body is different: One is a trust company, an asset management companies, the company's subsidiaries of public funds, there are currently 32 of the country has such a qualification issue (as of July 5);
2) Different supervision: trust is supervised by the CBRC, and the capital control scheme is regulated by the SFC;
3) The number of times to be reported is different: The trust is prepared 1 times, the collection can be set up, the Capital management plan should be reported 2 times, raise the beginning of the Times 1 times, raise the full after the inspection of the capital for 1 times, the verification of capital 2 days after the establishment;
4) A small number of different: Trust 3 million under the small 50, the Capital management plan can have 200 small;

　Advantages of the Asset Management program:

1) Revenue: Capital Management business is the second half of last year to open the business, is the need to vigorously expand the market time, in order to improve competitiveness, the capital Management company to the financing side of the charge will be as low as possible, to give customers as far as possible, for example, the same type of products general management products will be higher than the trust of 0.5%/
　　2) Safety aspects : currently doing this kind of project is the asset management company dug trust manager and the company has many years of financial industry wind control personnel, the industry experience is deep, in general, high security products can give the financing costs with the market changes are increasingly low, Also favor to the capital Management company to do financing, at present, these 32 companies are doing the first wave of projects, the requirements of the election project will be more cautious, the qualification requirements of the project is relatively high, so it is a choice for customers who want to configure a cost-effective fixed income project.

What business is the channel business? How do you do assets for the bank from the table to the outside of the flow of transport?