The difference between financing guarantee companies and general guarantee companies

Although they are all guarantee companies, there are obvious differences in their establishment and operation, which are mainly reflected in the following points: \x0d\ 1. The approval procedures for establishment are different. \x0d\ General non-financing guarantee companies may apply to the administrative department for industry and commerce for establishment registration in accordance with the Company Law, which is applicable to the conditions for the establishment of general companies. The establishment of financing guarantee companies requires strict pre-approval system, and the principle of establishment is approval. \x0d\ 2。 The business scope is different. \x0d\ General guarantee companies can only carry out litigation preservation guarantee, bid guarantee, advance payment guarantee, project performance guarantee and guarantee business related to financing consultation, and are allowed to invest with their own funds. In addition to the above business scope, financing guarantee companies also include financing guarantee business such as loan guarantee. \x0d\ 3。 There are different restrictions on employees. \x0d\ General guarantee companies can employ people as long as they comply with the relevant provisions of the Company Law. However, financing guarantee companies must improve the rules of procedure, decision-making procedures and internal audit system, establish a guarantee evaluation system, a post-event recovery and handling system that conforms to the principle of prudent operation, and have corresponding requirements for their managers. \x0d\ 4。 Different levels of supervision. \x0d\ General guarantee companies do not have strict supervision requirements, but they have strict supervision procedures for financing guarantee companies, and supervision can be seen everywhere, involving establishment, change and operation.