The full name of management plan is collective asset management plan, which is a financing tool and a value-added financial service for investors. As far as its definition is concerned, it is a kind of financing method that gathers investors' assets, is managed by professional operators (brokers) and invests in accordance with the agreed investment direction. The earliest asset management plan in China is to try first among securities companies and fund companies. Laws and regulations include the Trial Measures for Customer Asset Management of Securities Companies, the Pilot Guidelines for Enterprise Asset Securitization of Securities Companies (for Trial Implementation), the Pilot Measures for Asset Management of Specific Clients of Fund Management Companies, the Provisions on Issues Related to Asset Management of Specific Multiple Clients of Fund Management Companies, and the Guidelines for the Content and Format of Asset Management Contracts for Specific Multiple Clients of Fund Management Companies. After securities companies and fund companies, asset management plans have also begun to be promoted in futures companies, insurance companies and banks.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.