The finance company is also called "Finance Company Limited". Don't call it a registered deposit-taking company. Most of them are subsidiaries of commercial banks. Compared with commercial banks known as "chartered deposit companies", they have lower deposit amount, certain requirements on deposit term and less capital. Credit institutions in the United Kingdom are engaged in leasing or installment sales of durable consumer goods. Consumer credit is usually provided to individuals or families by installment, or financing is provided to shops selling durable consumer goods. The store will transfer the installment contract signed with the customer to the finance company, or the finance company will advance the payment for the store to the manufacturer, and the store will return the arrears after selling the goods. [
Second, what is a finance company? Is it a non-bank financial institution supervised by CBRC? Why?
Financial companies are approved and supervised by the CBRC.
Finance companies are non-bank financial institutions that provide financial services for large enterprises. The financial business operated by financial companies can be roughly divided into three parts: financing, investment and intermediary.
Financing business: issuing financial corporate bonds upon approval; Engage in interbank lending
Investment business: underwriting corporate bonds of member units; Consumer credit, buyer's credit, financing loan from financial institutions and financing lease.
Intermediary business: handling financial and related consulting and agency payment for member units; Approved insurance agency business; Provide guarantee for member units; Handle the internal transfer settlement of bill acceptance between member companies and the corresponding settlement, liquidation and scheme design.
financial institution
Finance refers to the financing of monetary funds, which can be divided into direct finance and indirect finance. The difference between these two financing methods lies in whether financial institutions participate. If not, it is direct financing; if not, it is indirect financing. Financial institutions refer to institutions specializing in monetary credit and financing, which can be divided into four categories according to their status and functions:
The first category, the central bank, namely the People's Bank of China.
The second category is banks. Including policy banks and commercial banks.
The third category is non-bank financial institutions. It mainly includes state-owned and joint-stock insurance companies and municipal companies.
The fourth category, China joint venture financial institutions. The above financial institutions complement each other.
This shows that finance companies are engaged in some banking business, providing loans and mortgages for the purchase of durable consumer goods by installment. At present, financial companies in western countries also operate foreign exchange, joint loans, underwriting securities, finance and investment consulting services. Money is mainly borrowed from banks. From the source, finance companies are established by enterprises to buy a large number of products for customers, which are used to settle funds and provide installment loans. The business scope and service target are line-by-line financial institutions, which are under the jurisdiction of China Banking Regulatory Commission.
Third, what is a finance company? Is it a non-bank financial institution supervised by CBRC? Why?
Finance companies are financial institutions that operate part of the banking business.
Most of its business scope is to provide loans and mortgage loans in the form of installment payment for the purchase of durable consumer goods.
At present, financial companies in western countries also operate foreign exchange, joint loans, underwriting securities, finance and investment consulting services.
The main source of funds for finance companies is interbank borrowing funds.
From the source, finance companies are established within enterprise groups to provide customers with installment loans for fund settlement and purchase of a large number of products. Later, with the development of business, the scope of business and clients gradually increased, belonging to non-bank financial institutions and under the jurisdiction of the CBRC.