What are the functions of trust companies and investment guarantee companies?

Trust companies are non-bank financial institutions whose main business is to issue trust products.

Investment guarantee companies do not have this statement, only financing guarantee companies and non-financing guarantee companies. A guarantee company is an institution that provides credit enhancement for borrowers.

The role of the trust company:

1. The work of a trust company is entrusted by people to manage money on their behalf.

2. At present, trust companies act as shadow banks in the domestic market, enriching investors' investment channels and helping enterprises solve financing difficulties.

Guarantee company lease:

1. Provide additional credit to solve the financing problem of enterprises.

2. Assist banks to develop assets.

Supplement: The essence of trust companies and guarantee companies is to help banks put off-balance-sheet business to release their own credit risks.