Legal basis: Interim Measures for the Administration of Financing Guarantee Companies
Article 18 With the approval of the regulatory authorities, a financing guarantee company may engage in some or all of the following financing guarantee businesses:
(1) loan guarantee.
(2) Bill acceptance guarantee.
(3) Trade financing guarantee.
(4) Project financing guarantee.
(5) letter of credit guarantee.
(6) Other financing guarantee businesses.
Article 19 With the approval of the regulatory authorities, a financing guarantee company may concurrently engage in some or all of the following businesses:
(a) litigation preservation guarantee.
(2) Performance guarantee services such as bid guarantee, advance payment guarantee, project performance guarantee and final payment guarantee.
(3) Intermediary services such as financing consultation and financial consultancy related to the guarantee business.
(4) investing with its own funds.
(5) Other businesses specified by the regulatory authorities.
Article 20 A financing guarantee company may provide re-guarantee for the guarantee liabilities of other financing guarantee companies and handle the bond issuance guarantee business, but it shall meet the following conditions at the same time:
(1) It has no record of bad laws and regulations in the past two years.
(2) Other prudential conditions stipulated by the regulatory authorities.
A financing guarantee company engaged in re-guarantee business shall not only meet the conditions stipulated in the preceding paragraph, but also have a registered capital of not less than 6,543.8 billion yuan and have been in business for more than two years.