What's the difference between a bank subsidiary and Public Offering of Fund?

Bank financial subsidiaries can issue public and private financial products, which has the advantage of investing in non-standard and direct stocks.

The differences between the bank's wealth management subsidiary and Public Offering of Fund are as follows:

1. From the perspective of business scope: in addition to some public offerings, financial subsidiaries also have private placements, trusts and other businesses, with wider business scope and stronger integration capabilities;

2. From the perspective of development path: the bank subsidiary has undertaken the asset management business before the bank, and its stock is larger than that of Public Offering of Fund, because Public Offering of Fund's business started from scratch, not the business undertaken by commercial banks;

3. From the perspective of employees: At present, the employees of financial subsidiaries mainly come from the asset management departments of former commercial banks, and then some core investment capabilities are built through market-oriented recruitment. Since its establishment, Public Offering of Fund has been focusing on external fundraising;

4. From the regulatory point of view, bank subsidiaries are regulated by CBRC, and fund companies are regulated by CSRC.