1. Standard bonds are issued by specific creditors, and commodity funds are issued by fund companies.
2. For the specific relationship between borrowers and borrowers of standard bonds, commodity funds have scattered creditors and investors.
3. The project orientation and asset securitization of the underlying bonds are more complex and diverse.
4. The payment method of standard bonds is fixed, and the income of commodity funds is linked to the performance of investment strategy of fund management.
5. Standard bonds do not need to be registered, and commodity funds need to be registered and listed.
6. Standard debt has the nature of capital preservation, and the performance of commodity funds depends on asset portfolio. Specifically, Guo Hongtianying No.8 series is a bond-type mixed product issued by Guo Hong Fund Company. The funds are mainly invested in bank trust products, securities company products, bonds and other different types of targets. Therefore, Guo Hongtianying's No.8 collective asset management plan is quite different from standard debt and cannot be regarded as standard debt. We must distinguish correctly, otherwise it will harm the interests.