In addition, although trust companies also have securities departments, they are essentially different from securities companies and fund companies. Securities companies are mainly engaged in securities brokerage business and entrusted wealth management business. Fund companies engage in securities business by issuing fund shares. Trust companies engage in securities business by issuing trust plans to invest in the securities market, so in essence, the securities department of trust companies is engaged in trust business to invest in the securities market, not securities business.
I hope it helps you.