What is the difference between the bank asset management plan and the existing wealth management products?

1. Different from the wealth management products issued by banks now, the bank asset management plan will be similar to funds and trusts and have the status of an independent legal person. Prior to this, bank wealth management products needed to indirectly invest in trust brokers and asset management products with independent legal personality when investing in corporate creditor's rights and other targets, which was commonly called "channel business";

2. Compared with the current wealth management products, the product form of the bank asset management plan will be more similar to the public offering fund products, and the income will be expressed in net value;

3. In terms of the scope of investment targets, the bank asset management plan may have a big breakthrough, or it is not limited by the existing laws and regulations of bank wealth management products, and can directly invest in the equity of enterprises in the secondary stock market.

4. The pilot project, together with the asset management plan, also includes debt direct financing tools. In the case of using debt direct financing tools, banks can issue debt financing "beneficiary certificates" through asset management plans, just like the trustees of insurance debt investment plans, and then raise funds from investors of wealth management products and invest in financing enterprises. On the one hand, this kind of beneficiary certificate can be issued by shares, on the other hand, it can be traded through the secondary market, so that both changes in the macro environment and changes in the operating conditions of enterprises can be reflected by the price of the beneficiary certificate. Therefore, banks will completely get rid of the risk of rigid payment and return to the essence of financial management on behalf of customers. Investors will eventually return to the role of risk takers of wealth management products when they have the right to purchase and redeem freely.