Is the microfinance company a financial institution?

Not counting! But it can be said to be a quasi-financial enterprise. Financial industry refers to a special industry dealing in financial commodities, including banking, insurance, trust, securities and leasing. The financial industry has the characteristics of index, monopoly, high risk, interest dependence and high debt management. ?

Indicators mean that financial indicators reflect the overall and individual situation of the national economy from all angles, and the financial industry is a barometer of the development of the national economy;

Financial institutions: refers to financial intermediaries engaged in financial services and is a part of the financial system. Financial services (banking, securities, insurance? Correspondingly, financial intermediaries also include banks, securities companies, insurance companies, trust and investment companies and fund management companies. ?

At the same time, it also refers to lending institutions, which provide loans to companies with financial turnover to customers. The interest rate is relatively higher than that of banks, but it is more convenient for customers to borrow because they do not need complicated documents to prove it.

The term "loan company" is limited in China, and it is different from domestic commercial banks, finance companies, auto finance companies and trust companies in terms of definition and business scope. On August 1 1, 2009, the CBRC issued the Notice on the Management Provisions of Loan Companies (No.76 of 2009), which standardized the behavior of loan companies in China.