Extended data:
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-taking companies", it has lower deposits, a certain term of deposits 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.
Basic introduction:
Financial companies are divided into two categories in China. One is a non-financial institution type financial company, which is a legacy of tradition. The second type is the financial company of the financial institution type, and the correct title is the enterprise group financial company. Finance companies, also known as finance companies, are non-bank institutions that provide financial services for enterprise technological transformation, new product development and product sales, focusing on medium and long-term financial services.
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