What is the difference between an asset management plan and a trust plan?

Similarity: \x0d\ 1. Project issuers are all financial institutions, belonging to the investment and financing platform, which can span many fields such as capital market, money market and industrial market. \x0d\ 2。 Before the project is issued, it must be reported to the relevant regulatory authorities, and there are strict regulations on fund supervision and information disclosure. \x0d\ 3。 The issued projects have the same nature, different channels, the same subscription method, and similar project contracts and specifications. \x0d\ 4。 At present, the investment income obtained through these two methods does not need to be withheld and remitted. \x0d\ Difference: \x0d\ 1. Trust companies are supervised by China Banking Regulatory Commission, and directional asset management companies are supervised by China Securities Regulatory Commission. \x0d\ 2。 The trust can be established after the fundraising is completed and the funds are paid to the custodian bank; After the targeted asset management plan is raised, it needs to be submitted to the CSRC for capital verification, and it can only be established after the capital verification is completed; \x0d\ 3。 The share of the future directional asset management plan can be transferred to other investors through the exchange; The transfer of trust shares requires both parties to go to the trust company at the same time. \x0d\ 4。 Directed asset management plan is a new product in the market, and the channel fee charged by brand building is lower than that of trust, so the income transferred to investors is higher than that of trust products.